Level 15

Banking

  A negative credit card balance means they owe you, so using your numbers

 

they owe you -4,000

You charge 1,500

 

math:  -4,000 + 1,500 = -2,500

 

now they owe you 2,500

QB is doing the math correct, your opening balance as a negative is wrong.  Check the opening balance entry, it should show in the account register in the increase column (a credit in a journal entry)

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