LMN Company has a June 30 yearend and maintains three bank accounts: City BankRegular, City BankPayroll, and Metro BankSpecial. Your analysis of cash disbursements records for the period June 23 to July 6 reveals the following bank transfers:

AP13.4 (LO 1) Bank transfer schedule, kiting Moderate LMN Company has a June 30 year end and maintains three bank accounts: City Bank- Regular, City Bank-Payroll, and Metro Bank-Special. Your analysis of cash disbursements records for the period June 23 to July 6 reveals the following bank transfers: Check No. Date of Check Bank Drawn On Payee Amount 2476 June 23 Regular Payroll $100,000 2890 June 25 Regular Payroll 200,000 3140 June 28 Regular Special 100,000 A1006 June 29 Special Payroll 50,000 A1245 June 30 Special Regular 25,000 3402 June 30 Regular Special 125,000 You determine the following facts about each of the first five checks: (1) the date of the cash disbursements journal entry is the same as the date of the check, (2) the payee receives the check two days later, (3) the payee records and deposits the check on the day it is received, and (4) it takes five days for a deposited check to clear banking channels and be paid by the bank on which it is drawn. Check 3402 was not recorded as a disbursement until July 1. This check was picked up by the payee on the date it was issued, and it was included in the payee's after hours bank deposit on June 30. Prepare a bank transfer schedule as of June 30 using the format shown in Illustration 13.3. Bank Accounts Disbursement Date Receipt Date Check No. From To Amount Per Books Per Bank Per Books Per Bank 2476 2890 3140 Payroll Special Regular A1006 A1245 3402