An amount shows up in Accts Payable in error. How do I get rid of it.

Also an amount is appearing as owing to a customer but in fact is not. How do I get rid of that

An amount shows up in Accts Payable in error. How do I get rid of it.

Also an amount is appearing as owing to a customer but in fact is not. How do I get rid of that

It would help to know if this is real life stuff or from homework.

You can't just simply remove something from a single account. Everything still has to stay in balance. So you have to know where it originally came from. For instance, where did the extra amount in payables come from? If it was something that simply should not have been entered, just reverse it. But if it should have come out of, say, cash instead, then you've got to debit payables and credit cash. So it all depends on what happened to start with and what caused the error.

P.S. Please don't double-post. It just confuses people. I've merged your two threads together into one.

P.S. Please don't double-post. It just confuses people. I've merged your two threads together into one.

It is real life not homework. We use Quick books and just made errors in how we handled some transactions. Just know that one item shows up in bal. sheet as asset (minus figure e.g. (67.70) and know it is not owing to the person involved. (he knows it too)
The other figure 93.29 shows up as acct PAYABLE and it also is not owing.

Couldn't I just credit Accts Payable and debit misc.

Don't know if I am using this forum correctly. Don't know if my response to Morgan 300 went or not. Also I didn't meant to post questions twice.

Well, I don't know Quickbooks so I don't know what a good way to fix it is. Theoretically you should reverse out the original entry. For instance, if you charged it to some expense and it went into payables, then it should come back out of the expense as well. Though if you really don't know, then you could use misc since they're small amounts.

But then there's the vendor account to contend with and that's where my lack of Quickbooks comes in. You don't want that in the vendor account either, so it should be taken out of there properly. You could probably just enter a credit, as though the vendor sent you a credit memo. In fact, that might un-do the other account at the same time.