Liabilities and Net Worth NOTES PAYABLE—RECREATION VEHICLES LIABILITY ACCOUNT 2020 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short-term notes payable to finance institutions and secured by new recreation vehicles in inventory. TRANSACTIONS Jrnl. Dr. Cr. Purchase of new motor home under floor plan agreement VP Inventory—Recreation Vehicles—New 1450 Read more about Notes Payable—Recreation Vehicles[…]
Liabilities and Net Worth NOTES PAYABLE—CERTIFIED VEHICLES (FRANCHISE ONLY) LIABILITY ACCOUNT 2017 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by Certified vehicles (Franchise Only) in inventory. TRANSACTIONS Jrnl. Dr. Cr. Receipt of floor plan note from bank on Certified vehicles (Franchise Only) CR Cash Read more about Notes Payable—Certified Vehicles (Franchise Only)[…]
Liabilities and Net Worth NOTES PAYABLE—REMARKETED VEHICLES LIABILITY ACCOUNT 2015 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by remarketed vehicles in inventory. TRANSACTIONS Jrnl. Dr. Cr. Purchase of remarketed vehicles under floor plan agreement VP Inventory—Remarketed Cars 1355 1365 Read more about Notes Payable – Remarketed Vehicles[…]
Liabilities and Net Worth NOTES PAYABLE—USED VEHICLES (NON CERTIFIED) LIABILITY ACCOUNT 2010 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by used vehicles (Non Certified) in inventory. TRANSACTIONS Jrnl. Dr. Cr. Receipt of floor plan note from bank on used cars (Non Certified) CR Cash Read more about Notes Payable—Used Vehicles (Non Certified)[…]
Liabilities and Net Worth NOTES PAYABLE—NEW VEHICLES & DEMONSTRATORS—OTHER FRANCHISE LIABILITY ACCOUNT 2005 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by new vehicles and demonstrators in inventory. Ford Credit Dealer EFT (DEFT)—Recommended Account Entries TRANSACTIONS Jrnl. Dr. Cr. Purchase on new vehicles Read more about Notes Payable – New Vehicles & Demonstrators – Other Franchise[…]
Liabilities and Net Worth NOTES PAYABLE—NEW VEHICLES & DEMONSTRATORS LIABILITY ACCOUNT 2000 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by new vehicles and demonstrators in inventory. Ford Credit Dealer EFT (DEFT)—Recommended Account Entries TRANSACTIONS Jrnl. Dr. Cr. Purchase of new vehicles under Read more about Notes Payable—New Vehicles & Demonstrators[…]
Liabilities and Net Worth NOTES PAYABLE—NEW VEHICLES & DEMONSTRATORS LIABILITY ACCOUNT 2000 ACCOUNT EXPLANATION TRANSACTIONS COMMENTS ACCOUNT EXPLANATION Principal amount of short term notes payable to finance institutions and secured by new vehicles and demonstrators in inventory. Ford Credit Dealer EFT (DEFT)—Recommended Account Entries TRANSACTIONS Jrnl. Dr. Cr. Purchase of new vehicles under Read more about Notes Payable—New Vehicles & Demonstrators[…]