Expenses SALARIES—GENERAL MANAGER EXPENSE ACCOUNT 8000/8005/8006 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Salary and incentive earnings of the general manager, including vacations, granted holidays, authorized paid absence from work, and training time. TRANSACTIONS Jrnl. Dr. Cr. Gross earnings of general manager for payroll period PR Salary—General Manager 8000 Salary—Service—General Read more about Salaries—General Manager[…]
Expenses VACATION & TIME-OFF PAY—TECHNICIANS—BODY SHOP EXPENSE ACCOUNT 7890 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts paid to or accrued for technicians of the body shop earned vacations, granted holidays, and authorized paid absence from work. TRANSACTIONS Jrnl. Dr. Cr. Monthly accrual of 1/12 of annual estimated vacation and holiday pay for technicians Read more about Vacation & Time-Off Pay—Technicians—Body Shop[…]
Expenses INVENTORY CONTROL & DATA PROCESSING—BODY SHOP EXPENSE ACCOUNT 7885 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Costs of perpetual inventory control service & data processing service and of physical inventories of parts when such services are purchased from outside vendors. TRANSACTIONS Jrnl. Dr. Cr. Vendor invoices for monthly automated parts inventory control & Read more about Inventory Control & Data Processing—Body Shop[…]
Expenses EQUIPMENT & VEHICLE MAINTENANCE—BODY SHOP EXPENSE ACCOUNT 7880 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expense of financing, repair and maintenance of machinery, equipment and vehicles (including demonstrators), used in the service department. TRANSACTIONS Jrnl. Dr. Cr. Replacement of generator on tow truck I • Internal sales of parts and transfer of Read more about Equipment & Vehicle Maintenance—Body Shop[…]
Expenses FREIGHT—BODY SHOP EXPENSE ACCOUNT 7871 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses of freight, express, and postage on incoming and outgoing shipments of merchandise sold by the body shop. TRANSACTIONS Jrnl. Dr. Cr. Express charges paid on incoming shipment of masking tape CD Freight—Body Shop 7871 Cash Read more about Freight—Body Shop[…]
Expenses TOOLS & SUPPLIES—BODY SHOP EXPENSE ACCOUNT 7870 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses incurred for small tools and supplies, other than office supplies, for the benefit of the body shop. TRANSACTIONS Jrnl. Dr. Cr. Welding gas purchased on open account P Tools & Supplies—Body Shop 7870 Read more about Tools & Supplies—Body Shop[…]
Expenses SERVICE LOANER EXPENSE REFUNDS—BODY SHOP EXPENSE ACCOUNT 7861 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Amounts received from the Company as reimbursements, under the Service Loaner Program, for service loaner expenses incurred by the body shop. TRANSACTIONS Jrnl. Dr. Cr. Invoice Ford for service loaner expense for a rental vehicle also used as Read more about Service Loaner Expense Refunds—Body Shop[…]
Expenses SERVICE LOANER EXPENSE—BODY SHOP EXPENSE ACCOUNT 7860 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION That portion of total service loaner expense that is allocated to the body shop. Service loaner expense is that portion of the total expense of leased or owned rental vehicles which can be allocated to service loaner usage—including monthly lease fees Read more about Service Loaner Expense—Body Shop[…]
Expenses POLICY ADJUSTMENTS—BODY SHOP EXPENSE ACCOUNT 7850 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Expenses related to labor and sublet repairs involved in price adjustments made to customers and correction of faculty workmanship (other than repairs covered by the Ford Motor Company warranty and policy program). TRANSACTIONS Jrnl. Dr. Cr. Refund to customer for Read more about Policy Adjustments—Body Shop[…]
Expenses TRAINING—BODY SHOP EXPENSE ACCOUNT 7840 ACCOUNT EXPLANATION TRANSACTIONS ACCOUNT EXPLANATION Costs of training employees of the body shop, including technicians. Includes tuition, travel, meals, and lodging resulting from attendance at training schools, as well as training materials and visual aids purchased for use in the service department. TRANSACTIONS Jrnl. Dr. Cr. Parts Read more about Training—Body Shop[…]