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C. Reduction of Gross Receipts for Loans
On several occasions Raymond deposited his own cash into the
Ameritrust account to cover checks written on the account that
had been dishonored because the account had insufficient funds to
cover the amount of the checks. He claims that those cash
deposits were in effect loans to the buyers group and that
certain checks payable to cash or to himself from the Ameritrust
account were repayments of those loans.
Raymond claims that the following cash deposits represent
loans he made to the buyers group and the checks payable to
himself or cash represent the repayment of the loans:
Loan
Date Cash Deposit Repayment/Payee
01/14/1991 $950 --
01/14/1991 1,050 --
01/29/1991 2,520 --
02/04/1991 1,200 --
02/08/1991 1,500 --
03/25/1991 -- $2,000 Cash
03/27/1991 -- 2,500 Cash
04/02/1991 1,000 --
05/02/1991 1,000 --
05/02/1991 2,000 --
07/17/1991 -- 1,240 Raymond
07/24/1991 -- 1,000 Cash
08/27/1991 100
10/03/1991 -- 1,500 Cash
11/04/1991 -- 900 Cash
12/10/1991 -- 1,200 Cash
04/13/1992 -- 1,000 Cash
Total 11,320 11,340
The bank records show that shortly before each of the above
cash deposits was made, a fee had been charged for one or more
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