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    Mekad's Avatar
    Mekad Posts: 5, Reputation: 1
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    #1

    May 23, 2008, 04:09 PM
    Accounting ?
    A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. What entry is required in the depositor's accounts?

    I said debit accounts payable: credit cash
    I just want to make sure I am on the right track:)
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #2

    May 28, 2008, 09:31 PM
    Make a journal entry to revers the initial transaction and a new entry to record the correct facts as indicated...
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    May 29, 2008, 12:59 AM
    I knew I'd already answered this:

    https://www.askmehelpdesk.com/financ...le-219450.html

    As a note, all textbooks I've ever seen do one entry for the difference in dollar amount, which is what this poster is doing.
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