During your audit of Miles Company, you prepared the following bank transfer schedule: MILES COMPANY Bank Transfer Schedule December 31, 20X1 Date Date Check Bank Accounts Disbursed Deposited Number From To Amount Books Bank Books Bank 2020 1st Natl. Suburban $32,000 1/4 1/5 12/31 1/3 2021 1st Natl. Capital 21,000 12/31 1/4 12/31 1/3 3271 2nd State Suburban 6,700 1/3 1/5 1/3 12/30 0659 Midtown Suburban 5,500 12/30 1/5 12/30 1/3

b. Identify those transfers that should be investigated and explain the reason.