66) Flemco has made a series of transfers between bank accounts near year-end, some through inter bank wired transfers and some through checks You have audited the wired transfers and agree that they have been properly stated and now have the following schedule of transfers between cash accounts made using checks. You may assume that dates per bank are correct, and that dates per books are the dates the transactions were recorded in the b0oks Date Date disbursed deposited Bank accounts per per Check Books Bank Books Bank From number 4040 Ist Nat 3270 Valley Amount $112,000 12/31 1/5 62,500 12/31 1/3 121,000 1/2 16.500 1/3 15,800 12/30 1/5 1/3 12/31 12/31 12/31 1/3 1/3 12/30 12/30 1/3 1/3 Suburban Midburg Capital Suburban 4041 3271 Valley 0700 Midburg Suburban Ist Nat 14 1/5 Analyze each of the above transfers and determine whether you believe each causes total cash to most likely be correct, overstated, or understated as of year-end f th Analyze each of the above transfers and determine whether you believe each causes total cash most likely be correct, overstated, or understated as of year-end. As a result of the transfer, total cash at December 31 Check Question # number appears to be 1 4040 2 3270 33 4041 4 3271 5 700 66) Flemco has made a series of transfers between bank accounts near year-end, some through inter bank wired transfers and some through checks You have audited the wired transfers and agree that they have been properly stated and now have the following schedule of transfers between cash accounts made using checks. You may assume that dates per bank are correct, and that dates per books are the dates the transactions were recorded in the b0oks Date Date disbursed deposited Bank accounts per per Check Books Bank Books Bank From number 4040 Ist Nat 3270 Valley Amount $112,000 12/31 1/5 62,500 12/31 1/3 121,000 1/2 16.500 1/3 15,800 12/30 1/5 1/3 12/31 12/31 12/31 1/3 1/3 12/30 12/30 1/3 1/3 Suburban Midburg Capital Suburban 4041 3271 Valley 0700 Midburg Suburban Ist Nat 14 1/5 Analyze each of the above transfers and determine whether you believe each causes total cash to most likely be correct, overstated, or understated as of year-end f th Analyze each of the above transfers and determine whether you believe each causes total cash most likely be correct, overstated, or understated as of year-end. As a result of the transfer, total cash at December 31 Check Question # number appears to be 1 4040 2 3270 33 4041 4 3271 5 700