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Discuss the concerns you would have about the transfer

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Question: Suppose there was a third transfer on the interbank transfer schedule for $16,500. Assume that the funds were transferred from the general cash account to the payroll cash account. Also assume that the transfer was recorded in the client's cash disbursements journal on 1/4/2016, and the check cleared the disbursing bank on 1/4/2016.

In addition, assume that the transfer was recorded in the client's cash receipts journal on

12/26/2015 and was received by the receiving bank on 12/26/2015. Discuss the concerns you would have about this transfer.

Reference no: EM132747818

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