How would the company record the required adjusting entry


The accountant for Stella Inc. prepared the bank reconciliation when the May 31 bank statement was received in the mail. The accountant discovered an error when preparing the reconciliation. A check issued to Remington Industries as payment on account in the amount of $340 was recorded in the company's books at $430. How would the company record the required adjusting entry for this item?

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Accounting Basics: How would the company record the required adjusting entry
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