Pawnshop
Jun 16, 2011, 07:09 AM
What is the correct journal entry for stagnant checks?
RickJ
Jun 16, 2011, 02:54 PM
What do you mean by "stagnant" checks?
If you mean a check that has not been cashed over X number of months, then enter it as a plus to your cash and a minus to your expense: the opposite of however you entered it when you entered it as a check paid out.