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Based on the following information, which of the following checks potentially involves check kiting? Date of Receipt Check No. 3679 6890 9854 8675 Account Account Title Title From General A To General Payroll Branch 4 O check No. 3679; O check No. 6980; O check No. 9854; O check No. 8675; Branch 2 Branch 4 General Branch 6 Amount $24,018 $30,620 $10,000 $20,000 Date of Date of Disbursement Disbursement Book 1/2 12/28 1/3 12/30 Bank 1/2 1/4 1/5 12/31 Book 12/30 12/28 1/3 1/3 Date of Receipt Bank 12/31 1/3 12/31 1/3

Based on the following information, which of the following checks potentially involves check kiting? Date of Receipt Check No. 3679 6890 9854 8675 Account Account Title Title From General A To General Payroll Branch 4 O check No. 3679; O check No. 6980; O check No. 9854; O check No. 8675; Branch 2 Branch 4 General Branch 6 Amount $24,018 $30,620 $10,000 $20,000 Date of Date of Disbursement Disbursement Book 1/2 12/28 1/3 12/30 Bank 1/2 1/4 1/5 12/31 Book 12/30 12/28 1/3 1/3 Date of Receipt Bank 12/31 1/3 12/31 1/3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Based on the following information, which of the following checks potentially involves check kiting? Date of Disbursement Date of Receipt Book Check No. 3679 6890 9854 8675 Account Account Title Title From * To General Branch 2 General Payroll Branch 4 General Ocheck No. 3679; O check No. 6980; O check No. 9854; O check No. 8675; Branch 4 Branch 6 Amount $24,018 $30,620 $10,000 $20,000 Book 1/2 12/28 1/3 12/30 Date of Disbursement Bank 1/2 1/4 1/5 12/31 12/30 12/28 1/3 1/3 Date of Receipt Bank 12/31 1/3 12/31 1/3
Transcribed Image Text:Based on the following information, which of the following checks potentially involves check kiting? Date of Disbursement Date of Receipt Book Check No. 3679 6890 9854 8675 Account Account Title Title From * To General Branch 2 General Payroll Branch 4 General Ocheck No. 3679; O check No. 6980; O check No. 9854; O check No. 8675; Branch 4 Branch 6 Amount $24,018 $30,620 $10,000 $20,000 Book 1/2 12/28 1/3 12/30 Date of Disbursement Bank 1/2 1/4 1/5 12/31 12/30 12/28 1/3 1/3 Date of Receipt Bank 12/31 1/3 12/31 1/3
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