Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I was hoping to get your help with a question about a journal entry. 1. A check was deposited in error and cleared the bank
I was hoping to get your help with a question about a journal entry.
1. A check was deposited in error and cleared the bank account for company A. The check deposited in error was written for company B. Company A wrote a check to company B to return the money. Company C wrote the check for Company B, not company A, and is not a customer or vendor to company A. What is the correct way to record the journal entry?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started