please answer the questions and explanation

on payroll Case 1: Bank transfer schedule; kiting The ABC Company maintains three bank accounts X Bank Regulas X Baok-payroll, and y 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 Bank Draude payee Amount Check 2476 Regular payroll Regular Regular -special special payroll Special Regular Regular -Special 125,000 you determine the following facts about each of Hee first five checks. 1- The date of the lash disbursement bumal eoday is the Same date of check receives the check two days later, payee 3- The Payee records and deposits the check on the day it is received, and 4. It takes 5 days for adeposito check to clear banking Channels and be paid by the bank on which it is ** Check_3402 was not recordeel as adis bursement until Julyi. 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 2890 3140 A 1006 A 1245 3402 2316 25/6 28/6 2016 3016 3016 100,000 200,000 100,000 50,000 25.000 2. The e drewn. on June 30. are the , 3_ any checks Required. -10- - What 2-prepare a bank transter schedule, as of June 30 purposes of the audit of bank transfers. the details above. using Prepare that require addustment asgearate aflusting entries for 4. In tie 'reconciliation for the 3 bank accounts, indicate the check numbers that should a- An outstanding cleckor 5- which eke te may be indicative b.& deposit in transite kiting? appear as | on payroll Case 1: Bank transfer schedule; kiting The ABC Company maintains three bank accounts X Bank Regulas X Baok-payroll, and y 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 Bank Draude payee Amount Check 2476 Regular payroll Regular Regular -special special payroll Special Regular Regular -Special 125,000 you determine the following facts about each of Hee first five checks. 1- The date of the lash disbursement bumal eoday is the Same date of check receives the check two days later, payee 3- The Payee records and deposits the check on the day it is received, and 4. It takes 5 days for adeposito check to clear banking Channels and be paid by the bank on which it is ** Check_3402 was not recordeel as adis bursement until Julyi. 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 2890 3140 A 1006 A 1245 3402 2316 25/6 28/6 2016 3016 3016 100,000 200,000 100,000 50,000 25.000 2. The e drewn. on June 30. are the , 3_ any checks Required. -10- - What 2-prepare a bank transter schedule, as of June 30 purposes of the audit of bank transfers. the details above. using Prepare that require addustment asgearate aflusting entries for 4. In tie 'reconciliation for the 3 bank accounts, indicate the check numbers that should a- An outstanding cleckor 5- which eke te may be indicative b.& deposit in transite kiting? appear as |