How to enable memo from last entry?

Question

I want the MEMO entry MEMORIZED from the LAST ENTRY. 
 That is, when I select the "Payee" , the categories show up...however the "memo" entry is not from the last transaction; it shows the memo from a very old transaction.

The memo's from the last entry were memorized in old Quicken (non-subscription) versions.

Another user had the same question in Sept 2018 and the discussion was closed without the proper solution.

Jim_Harman · Answer

Go to Tools > Memorized Payee List, select the Payee, and click on Edit.

If you un-check the Lock checkbox then click OK, the memo and amount will be updated each time you use the Payee.