Current Attempt in Progress LMN Company has a June 30 year-end and maintains three bank accounts: City Bank-Regular, City Bank-Payroll, and Metro Bank- Special. Your analysis of cash disbursements records for the period June 23 to July 6 reveals the following bank transfers. Check No. Date of Check Bank Drawn On Payee Amount 2476 June 23 Regular Payroll $ 100,000 2890 June 25 Regular Payroll 200,000 3140 June 28 Regular Special 100,000 A1006 June 29 Special Payroll 50,000 A1245 June 30 Special Regular 25,000 3402 June 30 Regular Special 125,000 You determine the following facts about each of the first five checks: (1) the date of the cash disbursements journal entry is the same as the date of the check, (2) the payee receives the check two days later, (3) the payee records and deposits the check on the day it is received, and (4) it takes five days for a deposited check to clear banking channels and be paid by the bank on which it is drawn. Check 3402 was not recorded as a disbursement until July 1. This check was picked up by the payee on the date it was issued, and it was included in the payee's after-hours bank deposit on June 30.Bank Accounts Disbursement Date Check From To No. Amount Per Books Per Bank Per Bool 2476 Regular Payroll 100000 6/23 6/30 6/25 2890 Regular Payroll 200000 6/25 7/2 6/27 3140 Regular Special 100000 6/28 7/5 6/30 A1006 Special Payroll 50000 6/29 7/6 7/1 A1245 Special Regular 25000 6/30 7/7 7/2 3402 Regular Special 125000 7/1 7/5 6/30Prepare separate adjusting entries for any checks that require adjustment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit City Bank - Payroll Account 50000 City Bank - Regular Account ~ 25000 (To record adjusting entry for due to Metro Bank-Special Account.) City Bank - Payroll Account 125000 City Bank - Special Account 125000, (To record adjusting entry for due to Metro Bank_special Account.) City Bank - Special Account 150000 Bank Clearing 150000 (To record adjusting entry for due from Metro Bank-Special Account.)(d) In the reconciliation for the three bank accounts, indicate the check numbers that should appear as (1) an outstanding check or (2) a deposit in transit. Check No. 2476 2890 3140 A1006 A1245 34023140 A1006 A1245 3402 eTextbook and Media Attempts: 0 of 2 Save for Later (e) Which check(s) may be indicative of kiting? 3140 A1006 2890, 3140, 3402, A1006, A1245 2402 Attempts: 0 A1245 A1006, A1245 2890, 3140, A1006, A1245 2890 2476