|
|
|
Jrnl. |
Dr. |
Cr. |
|
|
|
Used SUV/Truck Non Certified taken in trade on new truck sale |
|
NV |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified |
|
|
1360 |
|
|
|
|
Sales—New Light SUV/Trucks—Retail & Fleet |
|
|
|
3400-
etc. |
|
|
|
|
|
|
|
|
|
Reconditioning work performed on used SUV/truck |
|
I |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified |
|
|
1360 |
|
|
|
|
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 truck sold at retail |
|
UV |
|
|
|
|
Cost of Sales—Used SUV/Trucks Non Certified—Retail |
|
|
4750 |
|
|
|
Cost of Sales—Used SUV/Trucks Non Certified—Reconditioning—Retail |
|
|
4751 |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified |
|
|
|
1360 |
|
|
|
|
|
|
|
|
|
Repossessed SUV/Truck (originally sold as a new SUV/Truck) purchased from finance company |
|
CD |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified (at estimated wholesale value less estimated reconditioning) |
|
|
1360 |
|
|
|
Repossession Purchase Loss—New (excess of purchase price) |
|
|
6070 |
|
|
|
or |
|
|
or |
|
|
|
Estimated Liability for Repossession Purchase Loss |
|
|
2600 |
|
|
|
|
Cash in Bank—General |
|
|
|
1001 |
|
|
|
|
|
|
|
|
|
Purchase of vehicle and return of security deposit and deferred gross from F.M.C.C. at end of Lease Term |
|
CD |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified |
|
|
1360 |
|
|
|
|
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. to current wholesale value |
|
GJ |
|
|
|
|
Income from sale of Lease Contracts, SUV/Trucks, Maintenance/Non-Maintenance |
|
|
5318, 5320 |
|
|
|
|
Inventory—Used SUV/Trucks Non Certified |
|
|
|
1360 |