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Analysis Component: You have been employed with Baylor Company since November 1, 2017, and part of your job is writing and recording cheques as well

  • Analysis Component: You have been employed with Baylor Company since November 1, 2017, and part of your job is writing and recording cheques as well as preparing the bank reconciliation. In reviewing the cheques returned by the bank, you notice that the payee on cheque #543 is the employee you recently replaced. You investigate further and find that the journal entry recording cheque #543 debited Office Supplies Expense. What should you do? Explain.

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