I'm new to bookkeeping and the company I work uses QB desktop.  The company has a checking account and Merrill Lynch mutual funds.  I transferred $50k from the checking to the Merrill Lynch acct by cutting a check which shows up as an expense on the Profit & Loss Statement.  How do I correct this?  Also, the prior bookkeeper was making adjusting entries every month based on the Merrill Lynch statement to reflect the increase/decrease in value on the Balance Sheet and Income/Expense on the Profit & Loss.