October 30, 2016 admin

Customer Satisfaction & Ford Motor Company Support

Assets

  CUSTOMER SATISFACTION & FORD MOTOR COMPANY SUPPORT ASSET ACCOUNT

 

 1174, 1176, 1177

ACCOUNT EXPLANATION
Amounts due from Ford Motor Company on special Performance Bonus programs, new vehicle Performance Bonuses.
TRANSACTIONS
Jrnl. Dr. Cr.
New Vehicle Performance Bonus Earned G
Lincoln Support Receivable Performance Bonus 1174
Ford Support Receivable Performance Bonus 1176
Customer Satisfaction Recognition (FOC) Receivable Performance Bonus 1177
         
Dealer Performance Bonus Income
Lincoln Support Performance Bonus 9430
Ford Support Income Performance Bonus 9440
Customer Satisfaction Recognition (FOC) Income Performance Bonus 9620
         
Check Received in Settlement of Performance Incentive-Bonus
Cash in Bank–General 1001
Lincoln Support Receivable Performance Bonus 1174
Ford Support Receivable Performance Bonus 1176
Customer Satisfaction Recognition (FOC) Receivable Performance Bonus 1177
COMMENTS
  • Computation of amounts due on Performance-Bonus program accordance with Ford Motor Company instructions on individual programs.
  • At month end, the total of open and unpaid items should be reconciled to the balance account.