Billing and Receivables - Reverse Invoice already loaded to AR as pending item

The user intends to create a credit invoice to offset an original invoice, which is already a pending item in AR.  If payment is not anticipated for this pending item, associated to a bill that will be 'reversed' with the credit invoice, is there a way how to reverse or cancel a pending item on the AR side?

Is there a way on how to cancel an invoice that is already on the accounting staging record?

Thank you for your valuable feedback.

Evelyn