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    Pawnshop Posts: 1, Reputation: 1
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    #1

    Jun 16, 2011, 07:09 AM
    Journal entries in Accounting
    What is the correct journal entry for stagnant checks?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    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.
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