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The tutorial demonstrates how to delete a transaction in QuickBooks. The presenter first closes their current company file and opens a sample file, explaining that the file may require an update if it is older than the 2019 version. They emphasize caution, advising against inputting real transactions in the sample file. The presenter modifies the view settings by hiding the icon bar and accessing the open windows list. To illustrate, they enter a random bill for Bayshore Water amounting to one million dollars, labeled for advertising, and save it. To delete a transaction, they outline a three-step process, starting with locating the transaction.