Cash Cut-Off: While auditing cash, check #4307 is dated 01/02/23 in the cash disbursements journal. What might you conclude about this transaction if check #4307 appeared on the Jan. 2023 bank statement? 2022 Cash disbursements are overstated and cash is understated as of 12/31/22 2022 Cash disbursements are understated and cash is fairly presented as of 12/31/22 2022. Cash disbursements and cash are both fairly presented as of 12/31/22 2022 Cash disbursements are understated and/5ash is overstited as of 12/31/22 2022 Cash disbursements are overstated and cash is fairly presented as of 12/31/22