Need a little help:
Conductor brings in multiple checks payable to themselves. While cashing the checks, they also perform several withdrawals from entities they are a signer on. The total of checks and withdrawals is $15,605. The breakdown is as follows:
Business A: $175, Business B: $1,875, Business C: $2,225, Business D: $3,050.
Total checks payable to conductor: $8,280.
The conductor deposits $400 into Business C's checking account and takes the rest in cash with them.
I am thinking that the CTR would only be reporting the $15,605 on the conductor. But for some reason, I think I am missing something. Anyone have an opinion as to the proper completion for this CTR?