BANK TRANSFER SCHEDULE DISBURSEMENT Recorded in RECEIPT Transfer Paid by bank Recorded in books 1/4 Received by bank 12/31 1/4 books 12/31 a. 1/4 b. 1/4 1/5 12/31 12/31 12/31 1/4 C. 12/31 1/4 1/4 d. 1/11 1/4 Which of the following cash transfers below results in an understatement of cash at December 31, 2022? O a. O b. Oc. d.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11PB: Leann Company received the following bank statement. Using the information from PB11 and PB12,...
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Please explain why?

BANK TRANSFER SCHEDULE
DISBURSEMENT
Recorded in
books
12/31
RECEIPT
Transfer
Paid by bank
Recorded in
books
1/4
Received by
bank
12/31
a.
1/4
b.
1/4
12/31
1/4
1/5
12/31
12/31
12/31
1/4
C.
1/4
d.
1/11
1/4
1/4
Which of the following cash transfers below results in an understatement of cash at December 31, 20227
a,
Ob.
O c.
O d.
Clear my choice
Transcribed Image Text:BANK TRANSFER SCHEDULE DISBURSEMENT Recorded in books 12/31 RECEIPT Transfer Paid by bank Recorded in books 1/4 Received by bank 12/31 a. 1/4 b. 1/4 12/31 1/4 1/5 12/31 12/31 12/31 1/4 C. 1/4 d. 1/11 1/4 1/4 Which of the following cash transfers below results in an understatement of cash at December 31, 20227 a, Ob. O c. O d. Clear my choice
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