USA Old Accounts Payables


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I have old accounts payable amounts from a prior year. For example, I have a vendor that was paid in advance by check in January 2017 for say $1000.00. It was an emergency service call and they were not sure what the total would be at the time so the owner just wrote a check for the amount.

However there was never a vendor invoice recorded so there is a $-1000.00 on the vendor account on AP. The year has been closed by the accountant and the taxes filed.

How do I remove this?
 
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Drmdcpa

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Either create the invoice or journal entry it to retained earnings. Did not the accountant provide an adjusting journal entry?
 

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