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If money is put aside into another company bank account (the bank account is still a...

If money is put aside into another company bank account (the bank account is still a part of the company financials) for the purposes of holding money to pay off a particular creditor at a future point in time. What journal entry would I do for the transfer? Currently the accounts payable is showing a balance of 100k owing to the creditior cause I havent effectively paid the creditor, however the funds that are in holding are sitting in the account as a current asset which is skewing the books. i cant transfer it to a loan payable account to the supplier as it would double the amount owing to the creditor.
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Answer #1
In present (current) company Books
Intercompany Transfer DR
     Cash CR
(Money Transferred for the purpose of holding money to payoff a creditor at a future date)
In other Company Books
Cash DR
     Intercompany Transfer CR
(Money received for the purpose of holding money to payoff a creditor at a future date)
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