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Mind boggled accounting entry question: Partial Card refund
Trying to issue a partial (50%) refund of a booking fee/security deposit on a credit card. So half will actually be refunded; the other half will reduce the deposit liability by $500(50%). Just cannot figure out how to reduce the liability; Quicken wants me to make the change in my business checking account(not the liability account) and thus I would be altering the actual refund cash amount. Should I just enter a new transaction reducing the deposit account by the $500?
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