Need to correct entries from July 2011

[JaneM]

I took over PC this year, with minimal training I made some entries posting to the wrong account and now need to correct them. Do I just reverse the entry and post it correctly? Do I need to go back and re-reconcile that month's bank statement? Or just click both items this month when I reconcile? Do year-end entries have anything to do with this?
Example: Entered check 1234 under "Loan repayment" in July 2011

Check 1234 should have been under "Benevolence"

I'm hoping the easy answer is to reverse the original entry, then re-enter with same date and correct account entry? Thanks!

[Jeff]

If July 2011 is still open, there should not be a problem reversing the original entry and posting the correct one.

[JaneM]

Great, thanks!!