October 30, 2016 admin

Service Loaner Expense Refunds—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 a service loaner (portion allocated to the body shop)				PS
		Ford Receivables—Other				1200
			Service Loaner Expense Refunds—Body Shop				7861

	Check received from the Company for reimbursement				CR
		Cash in Bank				1001
			Ford Receivables—Other				1200

COMMENTS

Instructions for obtaining refunds for service loaner expense are available as part of the Service Loaner Program.
See Account 7860, Service Loaner Expense—Body Shop, for additional details.