When I click the "Correct" button I have 2 options:
"Back Out a Journal Entry"
"Back Out a Journal Entry and Create a Correcting Entry"
When I select "Back Out a Journal Entry" it populates the entry correctly as far as the reversing entry is concerned. However, the "Transaction Type" box is marked "Reversing" instead of "Standard". the original transaction was not entered as a reversing entry.
I am afraid to post this because I'm not sure how it will post.