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-   -   Job Cost Accounting Journal entry (https://www.askmehelpdesk.com/showthread.php?t=64933)

  • Feb 21, 2007, 09:44 AM
    ayoka
    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.
  • Feb 21, 2007, 03:44 PM
    CaptainForest
    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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