During your audit of Miles Company, you prepared the following bank transfer schedule:

MILES COMPANY
Bank Transfer Schedule
December 31, 20X1
Check Number	Bank Accounts		Amount	Date Disbursed		Date Deposited
	From	To		Books	Bank	Books	Bank
2020	1st National	Suburban	$32,000	1/4	1/5	12/31	1/3
2021	1st National	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

Required:

a. Describe the purpose of a bank transfer schedule.

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