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westernnv
Sep 5, 2008, 10:10 AM
After the year has been closed to Retained Earnings, what is the correct way to book (entry) for a check that was outstanding from the prior year, but was voided in the current year?

AdamUTsel
Sep 5, 2008, 12:31 PM
Dr. Cash
Cr. Retained Earnings

westernnv
Sep 5, 2008, 12:33 PM
Thanks! :)