October 30, 2016 admin

Truck Incentives

Sales and Cost of Sales

TRUCK INCENTIVES ACCOUNT
4620

ACCOUNT EXPLANATION

Income from truck sales incentive programs conducted by Ford Motor Company.

*Refer to Chart of Accounts for current applicable Sales/Cost of Sales account numbers
TRANSACTIONS
  Jrnl. Dr. Cr.
  Accrual of current month’s estimated incentive earnings G
    Ford Receivable—Other 1200
      Truck Incentives 4620
COMMENTS
  • Subsidiary records should be maintained, and amounts earned should be computed in accordance with Ford Motor Company instructions.