- 139 -
Appendix H
SOURCE AND APPLICATION OF FUNDS
LARRY, RONNIE, & SYLVIA JOHNSON
1989
Larry Johnson
Source of Funds:
Schedule C gross receipts $40,060
Schedule E gross receipts 27,698
Interest income 2,058
Sun Bank checking account 1,341
Sun Bank savings account 923
Callahan Property note receivable 5,100
Trade in for Suburban 6,829
Sun Bank Loan 7,500
Sale of Cadillac (1979) 4,662
Total source of funds 96,171
Application of Funds:
Schedule C expenditures $14,764
Schedule E expenditures 5,465
Sun Bank checking account 2,018
Sun Bank savings account 473
Sun Bank CD #48290 1,500
Sec First CD # 788961830 3,500
Credithrift mortgage ($83,684) payment 18,000
Constant notes payments 15,600
Credithrift mortgage ($52,500) payment 9,600
Renovation: Alexander Construction 8,790
Ford T-Bird (1964) 2,000
Jeep CJ-7 (1985) 4,285
Chevrolet Astro Van (1989) 119,329
Note payments for van 1,800
Personal living expenses for 4 persons 235,803
Less: Housing costs 2$5,481
Vehicle acquisition costs 23,257 (8,738)
Total application of funds 134,189
Excess of applications over sources of funds $38,018
1The original S&A for Larry reflects $19,829 for this item
and $38,518 for excess of applications over sources of funds.
The parties can not explain the $500 difference.
2Petitioners do not agree with the amounts reflected for
these items.
Page: Previous 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 NextLast modified: May 25, 2011