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A check issued for $598 to pay a vendor on account was recorded in the firm's records as $859; the canceled check was properly
A check issued for $598 to pay a vendor on account was recorded in the firm's records as $859; the canceled check was properly listed on the bank statement at $598. The journal entry for this reconciling item would include: Multiple Choice a debit to Accounts Payable for $261. a debit to cash for $261 debit to Cash for $598. a credit to Accounts Payable for $598.
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