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Dec 07, 2010
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Vendor cashed stop payment check
by: Johnny

Hello,
I put on a stop payment on a check that paid to my vendor and reissued a new one for them in Dec 2009. The vendor cashed this new check in 2009, and also cashed the stop payment check in Oct 2010.(Stop payment works only 6 months, but I didn't place a 2nd stop payment on this check). However, the vendor agrees to pay us back the stop payment check that they're not supposed to cash.
My question is:
What Journal entry do I have to do when receiving this refund from the vendor?

Thanks,
Johnny

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