Balance Sheet – Assets

Includes Petty Cash in Bank, General, Payroll

Includes deposits in Money Market accounts or mutual funds

Amounts due from finance companies on time sales contracts, new vehicles

Amounts due from finance companies on time sales contracts, used vehicles

Cost of readily marketable securities owned by dealership

Notes accepted from customers on sale of merchandise and/or services

Not to be used by dealers in the United States

Due from customers on vehicles sold on open account

Due from customers on sales of parts, service parts, service department or body shop services on open account

Due on insurance claims, tax refunds, tractors, lease and rental vehicles, etc. (avoids distortion to A/R Vehicle and PS)

Claims filed with Company on work performed under W&P program less Warranty Credit Advance

Due from Company for holdbacks on new vehicles

Due from Company on Incentives.

Due from Company on incentive bearing parts, ESP and floor plan assistance programs

Finance Income Current Due

(Provision for estimated loss from uncollectible customer notes and accounts)

Factory cost of cars (less holdback); includes options and dealer installed accessories

Factory cost of trucks (less holdback); includes options and dealer installed accessories

Factory cost of demo units (less holdback);
includes options and dealer installed accessories

Cost or estimated wholesale value of cars/trucks taken in trade, purchased or repossessed including reconditioning

Cost or estimated wholesale value of cars sold to Ford and Lincoln dealers at closed auction (i.e. Fleet repurchase vehicles, Ford Company vehicles, etc.)

Cost or estimated wholesale value of trucks sold to Ford and Lincoln dealers at closed auction (i.e. Fleet repurchase vehicles, Ford Company vehicles, etc.)

Cost of parts, accessories, tires purchased excluding freight, Ford and Other

(Monthly provision for shrinkage from obsolescence, theft, breakage, etc.)

Labor in Process; Sublet Repairs; Body Shop Materials; Gas, Oil & Grease; Independent Engines; RV's etc.

Memo: Work in progress

(Reserve established for LIFO method of inventory valuation, new vehicle, used vehicle, parts)

Advertising, insurance, interest, rent, taxes, miscellaneous, paid in advance which will benefit future accounts

Cost of new vehicles placed in leasing service within a dealership; also includes sales-type leases

Cost of new vehicles placed in rental service

Cost of land purchased for use in auto business (if not use 1830); includes depreciable improvements

Cost of buildings and improvements used in auto business

(Accumulated depreciation on building and improvements)

Cost of new and used P, S & BS equip., office equip., signs, Company and driver training cars (excluding demos)

(Accumulated depreciation on equipment)

Cost of improvements and additions to leased property

(Accumulated amortization of leaseholds and improvements)

Portion of finance income earned on recourse paper withheld to cover poss. losses on reposs. and prepayment

Loans made to officers and employees of dealership

Cash surrender value on insurance policies which dealership is beneficiary

Cost of non-specific assets acquired