Listed below are five interbank cash transfers for Steven Smith Co. for late December 20X1 and early January 20X2. For each transfer, indicate whether cash is:

• Understated
• Overstated
• Correct

Below is the checks written dates

This is the complete information and the answers need to be based on the dates rather than actual numeric data

Answer (Correct, Overstated or Understated) 1 2 3 4 5 Disbursing Bank Per Bank Per Book 4-Jan 1-Jan 3-Jan 2-Jan 31-Dec 3-Jan 29-Dec 29-Dec 4-Jan 31-Dec Receiving Bank Per Bank Per Book 3-Jan 1-Jan 31-Dec 3-Jan 30-Dec 3-Jan 29-Dec 29-Dec 2-Jan 2-Jan Answer (Correct, Overstated or Understated) 1 2 3 4 5 Disbursing Bank Per Bank Per Book 4-Jan 1-Jan 3-Jan 2-Jan 31-Dec 3-Jan 29-Dec 29-Dec 4-Jan 31-Dec Receiving Bank Per Bank Per Book 3-Jan 1-Jan 31-Dec 3-Jan 30-Dec 3-Jan 29-Dec 29-Dec 2-Jan 2-Jan