First, determine what types of business organizations you're dealing with. If both are sole proprietorships owned by Jones, you don't have an issue. You aggregate based on common account ownership, even though the businesses have EINs. In this case, you'd file with John Jones in Section A, with at least one of the DBA names in item 5, and "conducted on own behalf" in Section B.
If the businesses are separate entities, then you must aggregate based on the conductor (Jones) and file a single CTR with two Section A entries and one Section B entry.
You're right that if the businesses are separate entities and different individuals conduct the transactions, you'd have two separate CTRs.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8