A check for $455 issued in payment of an account payable was erroneously listed in the cash

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A check for $455 issued in payment of an account payable was erroneously listed in the cash payments journal as $545. The error was discovered early in the following month when the paid check was returned by the bank. What corrective action is needed?

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Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

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