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erary Disbursing Bank (Month/Day) Receiving Bank (Month/Day) Per Bank 1/04 1/02 1/03 12/31 Per Books 1/01 1/01 1/02 1/03 Per Bank 1/03 12/31 12/31 12/30 Per Books 1/01 12/31 Атоunt 31,200 152,000 84,000 20,000 e. f. 1/02 g. h. 1/03 For each of transfers a through h (1) indicate whether cash is understated, overstated, or correct as a result; and (2) provide a brief example of what could cause the situation. Answer in a form such as the one illustrated here. Understated, Overstated, or Correct Transfer Example The transfer was recorded in the Correct Book entries: a. accounting records as a check written on the disbursing bank on December 29 and a corresponding cash receipt recorded to receiving bank on that date. Bank entries: The check was taken to the receiving bank on December 29 and deposited. The accounts are both in the same bank, and accordingly the transaction was recorded in both accounts as of that date. Trans a. b. b. h. h.

erary Disbursing Bank (Month/Day) Receiving Bank (Month/Day) Per Bank 1/04 1/02 1/03 12/31 Per Books 1/01 1/01 1/02 1/03 Per Bank 1/03 12/31 12/31 12/30 Per Books 1/01 12/31 Атоunt 31,200 152,000 84,000 20,000 e. f. 1/02 g. h. 1/03 For each of transfers a through h (1) indicate whether cash is understated, overstated, or correct as a result; and (2) provide a brief example of what could cause the situation. Answer in a form such as the one illustrated here. Understated, Overstated, or Correct Transfer Example The transfer was recorded in the Correct Book entries: a. accounting records as a check written on the disbursing bank on December 29 and a corresponding cash receipt recorded to receiving bank on that date. Bank entries: The check was taken to the receiving bank on December 29 and deposited. The accounts are both in the same bank, and accordingly the transaction was recorded in both accounts as of that date. Trans a. b. b. h. h.

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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b Answered: 9-6. Listed below are O docx.pdf + A bartleby.com/questions-and-answers/9-6.-listed-below-are-eight-interbank-cash-transfers-for-spf-co.-indicated-by-the-letters-a-through-/a5ecfa33-b3b8-4506-b339-3c92b0877ad5?fbclid=lwAR3gCMtfzq211zp8mctg3QEPJp11TvxTufy-dq33PrLZPZ5tDLGIYEVW9Zo = bartleby Q Search for textbooks, step-by-step explanations to homework questions,.. E Ask an Expert e Q&A Library Disbursing Bank (Month/Day) Receiving Bank (Month/Day) Атount 31,200 152,000 84,000 20,000 Per Books 1/01 Per Bank Per Books 1/01 Per Bank 1/04 1/02 1/03 1/03 12/31 12/31 12/30 е. 1/01 1/02 1/03 12/31 1/02 1/03 f. g. h. 12/31 For each of transfers a through h (1) indicate whether cash is understated, overstated, or correct as a result; and (2) provide a brief example of what could cause the situation. Answer in a form such as the one illustrated here. f. g. h. Understated, Overstated, or Transfer Correct Correct Eхample The transfer was recorded in the a. Book entries: accounting records as a check written on the disbursing bank on December 29 and a corresponding cash receipt recorded to receiving bank on that date. Bank entries: The check was taken to the receiving bank on December 29 and deposited. The accounts are both in the same bank, and accordingly the transaction was recorded in both accounts as of that date. Trans a. b. b. h. h. 四
Transcribed Image Text:b Answered: 9-6. Listed below are O docx.pdf + A bartleby.com/questions-and-answers/9-6.-listed-below-are-eight-interbank-cash-transfers-for-spf-co.-indicated-by-the-letters-a-through-/a5ecfa33-b3b8-4506-b339-3c92b0877ad5?fbclid=lwAR3gCMtfzq211zp8mctg3QEPJp11TvxTufy-dq33PrLZPZ5tDLGIYEVW9Zo = bartleby Q Search for textbooks, step-by-step explanations to homework questions,.. E Ask an Expert e Q&A Library Disbursing Bank (Month/Day) Receiving Bank (Month/Day) Атount 31,200 152,000 84,000 20,000 Per Books 1/01 Per Bank Per Books 1/01 Per Bank 1/04 1/02 1/03 1/03 12/31 12/31 12/30 е. 1/01 1/02 1/03 12/31 1/02 1/03 f. g. h. 12/31 For each of transfers a through h (1) indicate whether cash is understated, overstated, or correct as a result; and (2) provide a brief example of what could cause the situation. Answer in a form such as the one illustrated here. f. g. h. Understated, Overstated, or Transfer Correct Correct Eхample The transfer was recorded in the a. Book entries: accounting records as a check written on the disbursing bank on December 29 and a corresponding cash receipt recorded to receiving bank on that date. Bank entries: The check was taken to the receiving bank on December 29 and deposited. The accounts are both in the same bank, and accordingly the transaction was recorded in both accounts as of that date. Trans a. b. b. h. h. 四
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