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    westernnv's Avatar
    westernnv Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Sep 5, 2008, 10:10 AM
    Voided Check
    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's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member
    		  
    #2

    Sep 5, 2008, 12:31 PM
    Dr. Cash
    Cr. Retained Earnings
    westernnv's Avatar
    westernnv Posts: 5, Reputation: 1
    New Member
    		  
    #3

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