October 30, 2016 admin

Salaries—Other—Used

Expenses

SALARIES—OTHER—USED EXPENSE ACCOUNT
7300

ACCOUNT EXPLANATION
Salaries, wages, and incentives earned by clerical and other employees of the used vehicle department, including vacation pay, granted holidays, authorized absence from work, and training time. Includes incentives based on the performance of the used vehicle department.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Salary earned by used car biller PR
    Salaries—Other—Used 7300
      Accrued Payroll 2410
             
  Wages earned by used car porter PR
    Salaries—Other—Used 7300
      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 used vehicle activities are organized into two or more separate departments, charges to this account should be distributed directly to the departments generating the expense. See Departmentalization for further information.