My supplier has given me $1000 to spend on purchases. Hence I now have a $1000 credit which I would like to post to my supplier accounts payable account. How can this be done? Can it be done without journal entry?
Second question: How can I move balances between two supplier accounts in accounts payable? Supplier A owes me $145, but due to an arrangement Supplier B owes me $145 instead and Supplier A 0. How can I transfer the credit from Supplier A to Supplier B?