|
|
|
Jrnl. |
Dr. |
Cr. |
|
|
|
New car placed in rental service |
|
VP |
|
|
|
|
Rental Vehicles |
|
|
1650 |
|
|
|
|
Inventory—New Cars |
|
|
|
1300 |
|
|
|
|
|
|
|
|
|
Rental vehicle removed from rental service, transferred to used car inventory at a gain (represented by the excess of wholesale value, less estimated reconditioning, over net book value) |
|
G |
|
|
|
|
Inventory—Used Cars (at wholesale value less estimated reconditioning) |
|
|
1350 |
|
|
|
Accumulated Depreciation—Rental Vehicles |
|
|
1660 |
|
|
|
|
Rental Vehicle Net Income |
|
|
|
5200 |
|
|
|
Rental Vehicles |
|
|
|
1650 |
|
|
|
|
|
|
|
|
|
Record receipt for incentive payments made by check on units placed in daily Rent-A Car service |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Rental Vehicles |
|
|
|
1650 |
|
|
|
|
|
|
|
For incentives credited to the daily rental billing |
|
P |
|
|
|
|
Accounts Payable |
|
|
2100 |
|
|
|
|
Rental Vehicles |
|
|
|
1650 |