1. Listed below are four interbank cash transfers, indicated by the letters a, b, c and d, of a client for late December 2019 and early January 2020.

	Bank Account One				Bank Account Two
	Disbursing Date				Receiving Date
	(Month/Day)				(Month/Day)
	Per Bank		Per Books		Per Bank		Per Books
a.	1/05		12/31		1/03		1/03
b.	1/03		12/31		12/31		12/31
c.	1/04		1/02		1/02		12/31
d.	1/05		1/03		12/30		1/03

For each of the transfers a through d, indicate whether cash is understated, unaffected, or overstated by the transfer and provide a brief example of what could cause the situation in which cash is either understated or overstated.