QB Issue Resolution:

Handle it just like an NSF transaction.   https://community.intuit.com/articles/1501353-handle-non-sufficient-funds-nsf-or-bounced-check-from-…

Resolution for Issue 'A payment was sent by our bank, Wells Fargo, but was returned since the account to the payee had been closed. How do I handle this in Quickbooks?' available: Yes (Solved).
Source: Intuit Community forum.

A payment was sent by our bank, Wells Fargo, but was returned since the account to the payee had been closed. How do I handle this in Quickbooks?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for account for a returned payment
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Error Recovery for account for a returned payment [Canada]
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