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    paulanna's Avatar
    paulanna Posts: 1, Reputation: 1
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    #1

    May 25, 2008, 10:26 PM
    How can I journalize accounts regarding down payments?
    What account should be credited when I received a down payment? I am having a hard time about these topics please do help me. Thanks
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    May 26, 2008, 02:05 AM
    Unearned Revenue most likely, assuming the cash received has not yet been earned.
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