Im using MYOB accounting software, I pay everything with checks but I ended up issuing more checks that what I have in the bank, thankfully when I did a bank reconciliation, I have sizeable amount of outstanding checks but my Cash In Bank account is displaying a negative balance of $10.00
For purposes of preparing a balance sheet, I want to put the outstanding check back to my cash in bank and remove the entry after I printed out a report. What should my credit side be for this entry? A liability account or MYOB's Historical Balancing (equity) account? I don't know much about the latter.

Thanks.

You don't need to put the check itself back into anything. If you just do the proper adjusting entry, the cash balance will reflect that. You can then reverse the adjusting entry on Jan 1 and that'll all fix itself and your checks won't be messed up. That is, you'll be right back where you are now, but the balance sheet will have the proper year-end balances.

That's the easiest way to fix any of these goofy year-end things when you have vendor and customers accounts, or checks like this, involved. Keeps from messing all that stuff up. (Though you may want to put a reconciliation note if anyone is going to ask why your cash balance doesn't equal the bank rec.)

It's a debit to cash in bank and a credit to a liability, whatever you want to call it. Technically when you bounce checks, you owe the bank, so that makes it a liability.

Thank you