Which checks might indicate kiting

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Problem

The information below was taken from the bank transfer schedule prepared during the audit of Fox Co.'s financial statements for the year ended December 31, 20X1. Assume all checks are dated and issued on December 30, 20X1. Bank Accounts Check No. From To 101 National Federal 202 County State 303 Federal American 404 State Republic Disbursement Date Receipt Date Check No. Per Books Per Bank Per Books Per Bank 101 Dec. 30 Jan. 4 Dec. 30 Jan. 3 202 Jan. 3 Jan. 2 Dec. 30 Dec. 31 303 Dec. 31 Jan. 3 Jan. 2 Jan. 2 404 Jan. 2 Jan. 2 Jan. 2 Dec. 31. Get the instant assignment help. Which checks might indicate kiting?

Reference no: EM133905723

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