How to record forgiveness of debt loan by vendor and bank in Quickbooks Online

Forgiveness of Debt Income — Forgiveness of Debt Income Account

Forgiveness of debt by vendor - creating vendor credit to clear open bill (A/P) — Forgiveness of debt by the Vendor – creating vendor credit to clear open bill (A/P)

Forgiveness of credit debt by credit card company — Forgiveness of credit debt by the Credit Card Company

Forgiveness of debt loan by loan company — Forgiveness of debt loan by the Loan Company

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April 11, 2020

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Forgiveness of debt, Forgiveness of debt by bank, Forgiveness of debt by vendor, Forgiveness of loan