In this section you create a model journal entry. You set up a model journal entry to use as a template for the lots to record information to the general ledger. See Work with Model Journal Entries in the JD Edwards World General Accounting I Guide for more information.
You also close the house, book revenues and costs, and then post the entries. You also balance the journal entries and post them to the general ledger in the General Accounting system.
Closing homes includes the following topics:
Create a Model Journal Entry
Book the Revenue
Book the Costs