Assets
|
FORD RECEIVABLE—test
ALLOWANCE |
ASSET ACCOUNT |
| 1175 |
|
|
|
ACCOUNT EXPLANATION
|
| Amounts due from Ford Motor Company on model year-end carryover allowance program. |
TRANSACTIONS
|
|
|
|
Jrnl. |
Dr. |
Cr. |
|
|
|
Rebate claimed on model year-end carryover |
|
G |
|
|
|
|
Ford Receivable—Carryover Allowance |
|
|
1175 |
|
|
|
|
Inventory—New Cars |
|
|
|
1300 |
|
|
|
|
|
test |
|
|
|
Check received in settlement of carryover allowance account |
|
CR |
|
|
|
|
Cash in Bank—General |
|
|
1001 |
|
|
|
|
Ford Receivable—Carryover Allowance |
|
|
|
1175 |
|
COMMENTS
|
- Computation of amounts due and maintenance of subsidiary record should be in accordance with Ford Motor Company instructions.
- At month end, the total of open and unpaid items should be reconciled to the balance of this account.
|
