I am very new to bookkeeping and have a qustion about entering transactions in MYOB.

I have paid EG O'Brian $1650.00 by cheque on 16/July and posted it as advertising in the cash payment. I have now noticed that $550.00 including GST of that payment should have been posted to Printing and Stationery... How do I prepare the correcting journal enrty on 31/July??

Also I am unsure of how to enter the balance day adjustments for for July allowance for doubtful debts.. It needs to be adjusted to 5% of accounts receivable closing balance as at the end of July... can anyone tell me how to do this in MYOB

Thanks in advance

Same assignment did u end up figuring out how to do it?