477 Parts - Body Shop Customer Repair Orders

477 Parts – Body Shop Customer Repair Orders –
Cars & Trucks

Sales

Fixed Operations

Sales Synopsis

Account 477 is established to record the amount of Parts sold on Customer Paid Repair Orders for Cars and Trucks respectively.

Debits

Credits

Actual selling price of Parts sold on Customer Body Shop Repair Orders

677 Parts – Body Shop Customer Repair Orders –
Cars & Trucks

Cost of Sales

Fixed Operations

Cost of Sales Synopsis

Account 677 is established to record the cost of sales for the Parts sold in Account 477.

Debits

Credits

Cost of Parts sold on customer body shop repair orders

Example 1

Record a customer cash sale of $3,740 for body shop labor, parts and materials. The body labor sale is $740 and the paint labor sale is $595. The parts sale is $1,975. The paint and body shop materials are $315 and the sales tax is $115. The cost of the labor is $795 with $350 due to paint labor and $445 for body shop labor. The parts cost is $1,380. The cost of body shop materials is $235.

Journal: Service Sales - Cash

Entry:		Debit	Credit
Account 225	Cash Sales	$3,740
Account 670	Cost of Sales – Customer Paint Labor – Cars & Trucks	$350
Account 671	Cost of Sales – Customer Body Labor – Cars & Trucks	$445
Account 677	Cost of Sales – Parts – Body Customer Repair Orders – Cars & Trucks	$1,380
Account 679	Cost of Sales – Paint & Body Shop Materials	$235
Account 242	Inventory – Parts & Accessories		$1,380
Account 245	Inventory – Paint & Body Shop Materials		$235
Account 247B	Inventory – Work in Process – Body Shop		$795
Account 324	Sales Taxes Payable		$115
Account 470	Sales – Customer Paint Labor – Cars & Trucks		$595
Account 471	Sales – Customer Body Labor – Cars & Trucks		$740
Account 477	Sales – Parts – Body Customer Repair Orders – Cars & Trucks		$1,975
Account 479	Sales – Paint & Body Shop Materials		$315