|
|
|
Jrnl. |
Dr. |
Cr. |
|
|
|
Collection of finance contract |
|
CD |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Finance Contracts |
|
|
|
1020 |
|
|
|
|
|
|
|
|
|
Collection of parts, service and body shop accounts receivable |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Accounts Receivable—Parts, Service and Body Shop |
|
|
|
1120 |
|
|
|
|
|
|
|
|
|
Cash portion of daily sales |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Cash Sales—Clearing |
|
|
|
1010 |
|
|
|
|
|
|
|
|
|
Incentives paid on units placed in daily Rent-A-Car service |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Rental Vehicles |
|
|
|
1650 |
|
|
|
|
|
|
|
|
|
Cash Received for unused Parts Return Allowance |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Ford Receivable—Other |
|
|
|
1200 |
|
|
|
|
|
|
|
Check issued to pay vendor account, less discount |
|
CD |
|
|
|
|
Accounts Payable—Trade |
|
|
2100 |
|
|
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
Cash Discounts Earned |
|
|
|
9100 |
|
|
|
|
|
|
|
|
|
Bank charges |
|
CD |
|
|
|
|
Miscellaneous Expense |
|
|
8820 |
|
|
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
|
|
|
|
Rental Security Received from Lessee under lease plan offered by Ford Motor Co. |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Accounts Receivable—F.M.C.C.—Lease Plan |
|
|
|
1135 |
|
|
|
|
|
|
|
First Month Rental Payment |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Accounts Receivable—F.M.C.C.—Lease Plan |
|
|
|
1135 |
|
|
|
|
|
|
|
|
|
Advance Received from F.M.C.C. on sale of Vehicle and Assignment of Lease |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Accounts Receivable—F.M.C.C.—Lease Plan |
|
|
|
1135 |
|
|
|
|
|
|
|
|
|
Purchase of Vehicle and Return of Security Deposit and Deferred Gross from F.M.C.C. at the end of the Lease Term |
|
CD |
|
|
|
|
Inventory Used Cars or |
|
|
1350 |
|
|
|
Used Trucks |
|
|
1360 |
|
|
|
|
Accounts Receivable—F.M.C.C.—Deferred Gross |
|
|
|
1836 |
|
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
Customer Deposits |
|
|
|
2300 |
|
|
|
|
|
|
|
|
|
Predelivery allowance paid by Ford |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Ford Receivable—Preparation & Conditioning |
|
|
|
1195 |
|
|
|
|
|
|
|
|
|
Record Check Received from Ford Motor Company |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Ford Receivable—Vehicle Hold Back |
|
|
|
1160 |
|
|
|
|
|
|
|
|
|
Transfer of cash to money market deposit |
|
|
|
|
|
|
Money Market Deposits |
|
|
1015 |
|
|
|
|
Cash in Bank—General |
|
|
|
1001 |