Check Cashed After Stop Payment

Hello,

I put a stop payment on a check paid to my vendor and reissued a new one in Dec 2009. This new check was cashed in Dec 2009. However, in Oct 2010, the vendor also cashed the check that I put stop payment on (I didn't place the 2nd stop payment after 6 months). Now, the vendor agrees to refund this check amount tu me.
My question is: What Journal entry should I do when I receive the check refund from the vendor?

Thanks,
Johnny

Click here to read or post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Checkline Reserve Account

Is a checkline reserve account considered a loan account or a bank account?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Check Not Cashed in Previous Year

How do you reissue a check that was not cashed in a previous year? The previous year has been closed, so the expense was already taken.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

My Check Bounced

How do I reverse a check in quickbooks that I wrote to a vendor and bounced

Click here to read or post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Pass Through Check

One of the partners wants to make a charitable contribution to an organization through the company. He gave me a check to deposit and then I will write a check to the organization. How do I book this? It's not a loan or a repayment of any kind. He wants the company to book the payment to the organization as a charitable contribution, but I don't know how to book the receipt of monies?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Replacement Check For An Employee

by Renee
(MA)

I need to replace an employee check from March 3, 2010 - do I date the replacement check with the same date since it's entered into the Paychex system and included in 2010's tax information or do I date it with today's date?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Voided Checks

Checks written and expensed in 2006 have never cleared the bank. What is the proper way to record this?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Like Bookkeeping-Basics.net?