October 30, 2016 admin

Ford Receivable—Jobbing Incentive

Assets

FORD RECEIVABLE—JOBBING INCENTIVE ASSET ACCOUNT
1180

ACCOUNT EXPLANATION
Incentives due from Ford Motor Company on incentive-bearing parts sold to eligible wholesale customers.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Daily entry to record jobbing incentive earned on parts sold to independent garages PS
    Ford Receivable—Jobbing Incentive 1180
      Parts—Wholesale Jobbing Incentive 6410
             
  Daily entry to record jobbing incentive earned on service parts installed for eligible fleet operators PS
    Ford Receivable—Jobbing Incentive 1180
      Parts—Shop Jobbing Incentive 6450
             
  Credit received from Ford Motor Company for jobbing incentive claim P
    Accounts Payable—Trade 2100
      Ford Receivable—Jobbing Incentive 1180
COMMENTS
  • Computation of jobbing incentive earned and maintenance of subsidiary records should be in accordance with Ford Motor Company instructions.
  • Credits received from Ford Motor Company should be checked against claimed amounts recorded in this this account.