Payables invoice involving inventory

timer Asked: Jan 3rd, 2015

Question description

Payable invoices were entered (and matched to a purchase order). And posted. However, the PO and invoices were entered to the wrong vendor.

New purchase orders have been created, parts recieved, invoices matched and entered to the correct vendor. And adjustments have been made to the inventory.

Now I need to enter credit invoices to the incorrect vendor and net the two. However, I do not know what account to charge.

Can you offer me any solution?

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