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Unformatted text preview: the payee because it was mutilated. Check 1504 was not canceled on the books. This was a counter check drawn at the bank by the president of the company as a cash advance for travel expense. The president overlooked informing the bookkeeper about the check. The drawer of this check was the Tucker Company. This check had been labeled N.S.F. and returned to the payee because the bank had erroneously believed that the check was drawn by the Luck Company. Subsequently, the payee was advised to redeposit the check. This check was given to the payee on December 30, 19X7, as a postdated check with the understanding that is would not be deposited until January 5. The check was not recorded on the books in December....
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08