You recorded a check for an office supplies purchase, but it was a credit card purchase. How should you rectify this?

The most effective way to address the situation is to delete the check and then create a new credit card transaction. In QuickBooks, when a transaction is recorded improperly, such as entering a check for a purchase made on a credit card, it's essential to reflect the true nature of the transaction for accurate financial reporting.

When you change the check number to "CREDIT," it does not properly categorize the transaction under the appropriate account. This action could lead to confusion in your records because it still retains the structure of a check while attempting to indicate it was a credit card transaction. In QuickBooks, clarity and correct classification are vital for maintaining accurate financial data.

Deleting the erroneous check and creating a new transaction with the appropriate credit card account ensures that the purchase is recorded correctly. This approach maintains the integrity of your accounting records, enabling accurate tracking of expenses and liabilities.

Moreover, the other options, such as changing the payee's name or editing the service provided in the check, would also fail to correct the classification of the original transaction. Each of these actions would leave the essential misclassification of medium (check vs. credit card) unresolved, leading to potential discrepancies in your accounting reports.