The journal entry is debiting accounts payable $ 1,500 and credit cash of . Best Mortgage Lenders for First-Time Homebuyers. Debit your "Inventory" account for an equal amount to account for returning the product to inventory. Click a blank entry at the bottom of the register and enter the date, number of the transaction and vendor. Eliminate stress by tracking total for your business. QBO is designed to help users keep track of all of the money coming in and out of your business all in one place! Click on the invoice you are writing off. Enough said.

","blurb":"","authors":[{"authorId":8982,"name":"Stephen L. Nelson","slug":"stephen-l-nelson","description":" Stephen L. Nelson, MBA, CPA, is the bestselling author of more than 100 books on computer and business topics, including all the previous For Dummies books on Quicken. Good.

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The Make General Journal Entries window.
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How you reverse this entry depends on which version of QuickBooks you're using:

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