October 30, 2016 admin

Accounts Receivable—F.M.C.C.—Deferred Gross

Assets

ACCOUNTS RECEIVABLE—F.M.C.C.—DEFERRED GROSS	ASSET ACCOUNT
	1836

ACCOUNT EXPLANATION
TRANSACTIONS
COMMENTS

ACCOUNT EXPLANATION

Deferred income from sale of lease contracts.

TRANSACTIONS

					Jrnl.	Dr.	Cr.

	Sale of vehicle and assignment of lease to F.M.C.C.				VS
		Accounts Receivable—F.M.C.C.—Lease Plan				1135
		Accounts Receivable—F.M.C.C.—Deferred Gross				1836
			Sales—Fleet (Ford)				3350
			Sales—Fleet (Lincoln-Mercury)				3360
			Income from Sale of Lease Contracts				5300

COMMENTS

For financial statement purposes, Account 1836, Accounts Receivable—F.M.C.C.—Deferred Gross, should be combined with Accounts 1830–1837, Other Assets.