October 30, 2016 admin

Salaries—Other—New

Expenses

SALARIES—OTHER—NEW EXPENSE ACCOUNT
7100

ACCOUNT EXPLANATION
Salaries, wages, and incentives earned by clerical and other employees of the new vehicle department, including vacation pay, granted holidays, authorized absence from work, and training time. Includes incentives based on the performance of the new vehicle department.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Salary earned by new car biller PR
    Salaries—Other—New 7100
      Accrued Payroll 2410
             
  Wages earned by new car porter PR
    Salaries—Other—New 7100
      Accrued Payroll 2410
COMMENTS
  • Bonuses of employees classified in this account based on total dealership profit should be charged to Account 9550, Employee Bonuses.
  • If the new car and new truck activities are organized as separate departments, charges to this account should be distributed directly to the departments generating the expense. See Departmentalization for further information.