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  • Jun 16, 2011, 07:09 AM
    Pawnshop
    Journal entries in Accounting
    What is the correct journal entry for stagnant checks?
  • Jun 16, 2011, 02:54 PM
    RickJ

    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.

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