Job Cost Accounting Journal entry

Question

Feb 21, 2007, 08:44 AM

ayoka

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Join Date: Feb 2007

Posts: 4

Job Cost Accounting Journal entry

I am trying to fiquire out how to journalize an entry. Here is the scenario:
1) Purchase Materials for a job $1000

and the second scenario:
1) Received downpayment from a client for $4000 for a job

Both entries were captured in another quickbooks account and need to be brought over to the correct account.

Answers

Feb 21, 2007, 02:44 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	Dr. Purchases 1,000 Cr. Cash 1,000 Dr. Cash (for the down payment amount) Cr. Unearned Revenue (for the same amount)

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