Expenses SALARIES—SALESPEOPLE—NEW EXPENSE ACCOUNT 7070 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salaries earned by new vehicle salespeople, including vacation pay, granted holidays, authorized absence from work, training time, and guaranteed minimum commissions paid but not earned through the sale of new vehicles. TRANSACTIONS   Jrnl. Dr. Cr.   Salaries earned by new vehicle salespeople PR Read more about Salaries—Salespeople—New[…]

Expenses FREE SERVICE/ MAINTENANCE & POLICY—NEW EXPENSE ACCOUNT 7050 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense (at internal rates) of performing free inspections and service on new vehicles after delivery to customers, and variances between amounts claimed and amounts reimbursed under the Ford Motor Company warranty and policy program, including dealer participation in after-warranty adjustment. Read more about Free Service/Maintenance & Policy—New[…]

Expenses PRE-DELIVERY REFUNDS—NEW EXPENSE ACCOUNT 7040 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts received by Ford for pre-delivery allowance. TRANSACTIONS   Jrnl. Dr. Cr.   Amounts owed by Company to Dealer (except HDTC) for pre-delivery allowance     Ford Receivables—Preparation & Conditioning 1195       Pre-Delivery Refunds—New 7040             Read more about Pre-Delivery Refunds—New[…]

Expenses PRE-DELIVERY—NEW EXPENSE ACCOUNT 7030 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of preparing new vehicles for delivery at internal rates. Includes washing, lubrication, inspection and adjustment of new vehicles. TRANSACTIONS   Jrnl. Dr. Cr. Preparation of new car for delivery  • Record internal sale: I     Pre-Delivery—New 7030       Sales—Parts—Internal—Service (at Read more about Pre-Delivery—New[…]

Expenses COMMISSIONS & INCENTIVES—SALES MANAGERS—NEW EXPENSE ACCOUNT 7010 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to sales managers on the sale of new cars, trucks, options, accessories, truck bodies and equipment, finance contracts and insurance. Includes incentives based on the performance of the new vehicle department. TRANSACTIONS   Jrnl. Dr. Read more about Commissions & Incentives—Sales Managers—New[…]

Expenses COMMISSIONS & INCENTIVES—SALESPEOPLE—NEW EXPENSE ACCOUNT 7000 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Commissions and incentives paid or accrued to salespeople on the sale of new cars, trucks, options, accessories, truck bodies and equipment, finance contracts and insurance. Includes incentives based on the performance of the new vehicles department. TRANSACTIONS   Jrnl. Dr. Cr.   Read more about Commissions & Incentives—Salespeople—New[…]