LO 10-5, 6 10-35. During your audit of Miles Company, you prepared the following bank...
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LO 10-5, 6 10-35. During your audit of Miles Company, you prepared the following bank transfer schedule. derivative. MILES COMPANY Bank Transfer Schedule December 31, 20X1 Bank Accounts Date Disbursed Check Number Date Deposited From To Amount Books Bank Books Bank 1/5 2020 2021 3271 0659 1st Natl. 1st Nati. 2nd State Midtown Suburban Capital Suburban Suburban $32,000 21,000 6,700 5,500 1/4 12/31 1/3 12/30 1/4 1/5 1/5 12/31 12/31 1/3 12/30 13 13 12/30 13 Requirert a. Describe the purpose of a bank transfer schedule. b. Identify those transfers that should be investigated and explain the reason. (AICPA, adapted)
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