Comments for Juggling Two Bank Accounts

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Sep 30, 2011
by: Anonymous

Your Question:
Account A has a transaction (debit transaction) in it that should have been made in Account B.
My answer:
Use the General Journal to reverse the incorrect entries and attach a note as a reference
IE: If Account A had a debit of $400.00 that should have gone to Account B then make the following entry:
Account A CREDIT $400
Account B DEBIT $400

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