You can follow the same process for Vendor or Customer Ledger Entries.
If you applied the payment to incorrect invoices you can un apply the entries.
Go to the Vendor Card, Related, History and Ledger Entries. Locate the payment you need to un-apply.
Select the Payment line, Click Process and Un-apply Entries. The two highlighted entries are applied together.
Click Un Apply or you can Preview Un-apply and then Un-Apply
Click Yes
And the entries are un-applied as the remaining amount shows a balance.