During your audit of Carla Pang Inc. you prepared the following bank transfer schedule. Fill out the

Question:

During your audit of Carla Pang Inc. you prepared the following bank transfer schedule.

Fill out the table below indicating the most likely situation as it relates to cash at year-end.
Indicate the situation using one of the following:
1. Year-end total cash is properly stated.
2. Year-end total cash is understated.
3. Year-end total cash is overstated.
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