Flemco Has Made a Series of Transfers Between Bank Accounts

Flemco has made a series of transfers between bank accounts near year-end,some through inter-bank wired transfers and some through checks.You have audited the wired transfers and agree that they have been properly stated and now have the following schedule of transfers between cash accounts made using checks.You may assume that dates per bank are correct,and that dates per books are the dates the transactions were recorded in the books. $\begin{array}{c} & \quad\quad\quad\quad\quad\quad{\text { Bank accounts }} &&& \quad\quad\quad\quad\quad\quad{\text { Date disbursed per: }} & &\quad\quad\quad\quad\quad\quad\quad\quad\quad{\text { Date deposited per: }} \\\text { Check } & \text { From } & {\text { To }} & \text { Amount } & \text { Books } & \underline{\text { Bank }} & \text { Books } & \text { Bank } \\\text { number } & & & & & & \\\hline 4040 & \text { lst Nat. } & \text { Suburban } & \$ 112,000 & 12 / 31 & 1 / 5 & 1/3 & 1/3 \\3270 & \text { Valley } & \text { Midburg } & 62,500 & 12 / 31 & 1/3&12/31&12/31 \\4041 & \text { 1st Nat. } & \text { Capital } & 121,000 & 1 / 2 & 1 / 4 &12/31 & 1 / 3 \\3271 & \text { Valley } & \text { Suburban } & 16,500 & 1 / 3 & 1 / 5 & 1 / 3&12/30 \\0700 & \text { Midburg } & \text { Suburban } & 15,800 & 12 / 30 & 1 / 5 & 12 / 30 & 1 / 3\end{array}$ Analyze each of the above transfers and determine whether you believe each causes total cash to most likely be correct,overstated,or understated as of year-end.