|
|
Jrnl. |
Dr. |
Cr. |
|
|
Used car non certified taken in trade on new car sale |
|
NV |
|
|
|
Inventory—Used Cars Non Certified (at estimated wholesale value) |
|
|
1350 |
|
|
Finance Contracts—New |
|
|
1020 |
|
|
|
Sales—New Cars |
|
|
|
3000, etc. |
|
|
|
|
|
|
|
Reconditioning work performed on used car |
|
I |
|
|
|
Inventory—Used Cars Non Certified |
|
|
1350 |
|
|
|
Sales—Parts to Service—Internal (at internal rate) |
|
|
|
5470 |
|
|
Sales—Parts to Body Shop—Internal (at internal rate) |
|
|
|
5530 |
|
|
Sales—Service Labor—Internal (at internal rate) |
|
|
|
5730 |
|
|
Sales—Body Shop Labor—Internal (at internal rate) |
|
|
|
5840 |
|
|
|
|
|
|
|
Costing used car sold at retail |
|
UV |
|
|
|
Cost of Sales—Used Cars Non Certified—Retail |
|
|
4700 |
|
|
Cost of Sales—Used Cars Non Certified—Reconditioning—Retail |
|
|
4701 |
|
|
|
Inventory—Used Cars Non Certified |
|
|
|
1350 |
|
|
|
|
|
|
|
Repossessed car (originally sold as a new car) purchased from finance institution |
|
CD |
|
|
|
Inventory—Used Cars Non Certified (at estimated wholesale value) |
|
|
1350 |
|
|
Estimated Liability for Repossession Purchase Loss |
|
|
2600 |
|
|
or |
|
|
or |
|
|
Repossession Purchase Loss—New (excess of purchase) |
|
|
6070 |
|
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
|
|
|
|
Purchase of vehicle and return of security deposit |
|
CD |
|
|
|
Inventory—Used Cars Non Certified |
|
|
1350 |
|
|
|
Accounts Receivable—F.M.C.C.—Deferred Gross |
|
|
|
1836 |
|
|
Customer Deposits |
|
|
|
2300 |
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
|
|
|
|
Write down value of vehicle purchased from F.M.C.C |
|
GJ |
|
|
|
Leased Vehicle Gain or Loss |
|
|
5300 |
|
|
|
Inventory—Used Cars Non Certified |
|
|
|
1350 |