|
|
|
Jrnl. |
Dr. |
Cr. |
|
|
|
Preparation of new car for delivery
• Record internal sale: |
|
I |
|
|
|
|
Pre-Delivery—New |
|
|
7030 |
|
|
|
|
Sales—Parts—Internal—Service (at internal rate) |
|
|
|
5470 |
|
|
|
Sales—Labor—Internal (at internal rate) |
|
|
|
5730 |
|
|
|
|
|
|
|
|
|
• Record cost of internal sale: |
|
|
|
|
|
|
Cost of Sales—Parts—Internal—Service |
|
|
6470 |
|
|
|
Cost of Sales—Labor—Internal—Service |
|
|
6730 |
|
|
|
|
Inventory—Parts—Ford |
|
|
|
1400 |
|
|
|
Inventory—Labor in Process |
|
|
|
1440 |
|
|
|
|
|
|
|
Travel expenses incurred in delivery of new truck to customer’s place of business |
|
CD |
|
|
|
|
Pre-Delivery—New |
|
|
7030 |
|
|
|
|
Cash in Bank—General |
|
|
|
1001 |