Journal Entries to correct Accounts Receivable Balace

No there is not.

Do not use the chart of account to check, use the balance sheet.  A positive on the balance sheet mean you owe money, and a negative means you are owed money.  This type of mismatch usually comes from using enter bills, and then not using pay bills as you are required to do so. Using pay bills clears the a/p entry

same kind of thing for a/r, positive on the balance sheet means you are owed money, negative means you owe or have customer credits.

Thank you for the response. It is rather perplexing, I am not an accountant however I have worked as a systems/analyst programmer for 40+ years of which the last 23 years supporting an older double entry accounting system on a i Series IBM. Anything can be corrected via Journal Entry. I assume some older technologies are more flexible than newer. I take it that I will have to go back through 2019 through 2020 in order to change every transaction to follow the ridged or inflexible guide lines of Quick-books. Tax extension deadline has already been missed so I was looking for a quick correction but if Quick-books is does not have the capability then there is nothing that can be done.

The balances you have showing are probably caused by incorrect entries in QuickBooks in a prior year.  You can correct with a journal entry, but the other side of the entry would be a P&L adjustments.  For balances in Accounts Receivable, this is likely caused by entering a deposit and coding it to an income account rather than receiving a customer payment and applying the payment against the invoice.  This results in doubling up of income (once for the invoice and a second time for entering the deposit).

As for accounts payable, one of two things happened.  Either the a check was written and coded to accounts payable or a bill was deleted after the vendor bill was paid.  Either way, you have understated expenses. 

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@jlfliberty wrote:

 Anything can be corrected via Journal Entry. 

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Journal entries in QB can be problematic, often they do not work as intended and even more often they do not show in reporting.  I have no idea why that is, but is has been true since 2006 when I started with QB.  So can you use them, sure you can.  But to insure they work as planned you need to check all reporting that might use the accounts involved, screen displays of account history is not always the same as a report.