423-438 New Trucks

423-438 New Trucks - Retail

Sales

New Vehicle Department

Sales Synopsis

The sales of New GM Trucks sold at retail to end-users are recorded in Accounts 423 through 438.

Debits

Credits

Actual selling price of new trucks sold to retail customers

623-638 New Trucks - Retail

Cost of Sales

New Vehicle Department

Cost of Sales Synopsis

The inventory values for the New Trucks sold above are recorded in the Cost of Sales Accounts 623 through 638.

Debits

Credits

Cost of new trucks sold to retail customers

Credits received from the factory on sales to General Motors’ employees under the General Motors Employee Purchase Plan

Example 1

Record a new truck sale for the amount of $82,551 with a finance contract reserve of $1,297, sales tax of $2,078 and Documentation Fees of $180. The inventory value is $80,151.

Journal: New Truck Sales

Entry:		Debit	Credit
Account 205	Contracts in Transit	$89,565
Account 262	Due from Finance Companies	$1,297
Account 623-638	Cost of Sales – New Trucks – Retail	$80,151
Account 423-438	Sales – New Trucks – Retail		$82,551
Account 237	New Trucks Inventory		$80,151
Account 324A	Sales Taxes Payable – Excise Taxes		$6,634
Account 806	Finance Income – New		$1,297
Account 910	Document Handling Fees		$380

Comments

The Retail Sales for each respective Division should be recorded in the table below.

TRUCKS
Account	(A)	(B)	(C)	(D)	(E)	(G)	(J)	(L)	(M)	(K)	(N)
423/438 623/638	Chevrolet ICE	Chevrolet EV	Buick ICE	Buick EV	Cadillac ICE	Cadillac EV	Other non-GM	Fleet	Govt	SBC	BrightDrop

New Truck Sales for each respective Division should be posted in the accounts as indicated in the current TB Edit file.

The selling price is credited to the Sales account and the inventory value is posted to the corresponding Cost of Sales account.

Dealer installed Accessories sold by the New Vehicle Department should be recorded in Account 457, Accessories.

Each vehicle sale should be recorded at the actual selling price. Actual selling price means the selling price to the customer less discounts and over allowances.

The manufacturer will designate the account number to assign to each model of vehicles sold as indicated in the table above.

Each vehicle sale should be costed individually. The cost of a new vehicle is defined in the Asset section under Vehicle Inventories (New Vehicles).

The cost of the vehicle should be determined from the Factory Invoice or other Vehicle Inventory record. If any items have not been posted to this record, refer to underlying repair orders and invoices to determine the vehicle’s cost.

Factory price reductions, which occur after the sales of vehicles, are reductions of cost and should be credited to the appropriate vehicle cost of sales account.

Note:

New vehicles transferred to other authorized GM dealers are not sales and should not be recorded in these sales and cost of sales accounts. Sales and exchanges of new vehicles between GM dealerships should be recorded as inventory transfers, at the vehicle inventory value, through the applicable new vehicle inventory accounts.

CHEVROLET

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
IMPALA	400A	600A	EXPRESS	425A	625A
SS	403A	603A	CITY EXPRESS	426A	626A
MALIBU	404A	604A	COLORADO	428A	628A
CAMARO	405A	605A	SILVERADO	429A	629A
CORVETTE	407A	607A	TAHOE	431A	631A
SPARK	408A	608A	SUBURBAN	432A	632A
CRUZE	411A	611A	TRAILBLAZER	433A	633A
VOLT	412A	612A	EQUINOX	434A	634A
SONIC	413A	613A	TRAX	435A	635A
BOLT	414A	614A	TRAVERSE	436A	636A
OTHER CHEVY CAR	417A	617A	MED DUTY LCF	437A	637A
OTHER CHEVY CAR	418A	618A	MED DUTY CONV	438A	638A
MEMO *e-CAR SLS this PG	419A	619A	MEMO* e-TRK SLS this PG	439A	639A
TOTAL CAR FLEET this PG	420A	620A	TOTAL TRK FLEET this PG	440A	640A
TOTAL CAR INTERNAL this PG	421A	621A	TOTAL TRK INTERNAL this PG	441A	641A

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
VERANO	400D	600D	ENCLAVE	425D	625D
CASCADA	401D	601D	ENCORE	426D	626D
REGAL	402D	602D	ENVISION	427D	627D
LACROSSE	406D	606D	ENCORE GX	428D	628D
OTHER BUICK CAR	418D	618D	OTHER BUICK TRUCK	438D	638D
MEMO* e-CAR SLS this PG	419D	619D	MEMO* e-TRK SLS this PG	439D	639D
TOTAL CAR FLEET this PG	420D	620D	TOTAL TRK FLEET this PG	440D	640D
TOTAL CAR INTERNAL this PG	421D	621D	TOTAL TRK INTERNAL this PG	441D	641D

BUICK

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
VERANO	400D	600D	ENCLAVE	425D	625D
CASCADA	401D	601D	ENCORE	426D	626D
REGAL	402D	602D	ENVISION	427D	627D
LACROSSE	406D	606D	ENCORE GX	428D	628D
OTHER BUICK CAR	418D	618D	OTHER BUICK TRUCK	438D	638D
MEMO* e-CAR SLS this PG	419D	619D	MEMO* e-TRK SLS this PG	439D	639D
TOTAL CAR FLEET this PG	420D	620D	TOTAL TRK FLEET this PG	440D	640D
TOTAL CAR INTERNAL this PG	421D	621D	TOTAL TRK INTERNAL this PG	441D	641D

CADILLAC

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
CT6	403E	603E	XT5	427E	627E
ELR	404E	604E	ESCALADE PLATINUM	429E	629E
SRX	406E	606E	ESCALADE	431E	631E
CTS V	407E	607E	ESCALADE ESV	432E	632E
CTS	408E	608E	ESCALADE ESV PLATINUM	433E	633E
XTS	409E	609E
ATS	410E	610E
ATS V	412E	612E
CT4	413E	613E
CT4-V	414E	614E
CT5-V	415E	615E
OTHER CADILLAC CAR	418E	618E	OTHER CADILLAC TRUCK	438E	638E
MEMO* e-CAR SLS this PG	419E	619E	MEMO* e-TRK SLS this PG	439E	639E
TOTAL CAR FLEET this PG	420E	620E	TOTAL TRK FLEET this PG	440E	640E
TOTAL CAR INTERNAL this PG	421E	621E	TOTAL TRK INTERNAL this PG	441E	641E

GMC TRUCK

Trucks	Sales	Cost of Sales
	A/C	A/C
ACADIA	423F	623F
TERRAIN	424F	624F
G-VAN (SAVANA)	425F	625F
CANYON	428F	628F
SIERRA	429F	629F
YUKON	431F	631F
YUKON XL	432F	632F
HUMMER EV SUT	433F	633F
MED DUTY	437F	637F
OTH GMC TRKS	438F	638F
MEMO* e-TRK SLS this PG	439F	639F
TOTAL TRK FLEET this PG	440F	640F
TOTAL TRK INTERNAL this PG	441F	641F

OTHER NON-GM

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
OTH CAR - 1	400J	600J	OTH TRK - 1	423J	623J
OTH CAR - 2	401J	601J	OTH TRK - 2	424J	624J
OTH CAR - 3	402J	602J	OTH TRK - 3	425J	625J
OTH CAR - 4	403J	603J	OTH TRK - 4	426J	626J
OTH CAR - 5	404J	604J	OTH TRK - 5	427J	627J
OTH CAR - 6	405J	605J	OTH TRK - 6	428J	628J
OTH CAR - 7	406J	606J	OTH TRK - 7	429J	629J
OTH CAR - 8	407J	607J	OTH TRK - 8	430J	630J
OTH CAR - 9	408J	608J	OTH TRK - 9	431J	631J
OTH CAR - 10	409J	609J	OTH TRK - 10	432J	632J
OTH CAR - 11	410J	610J	OTH TRK - 11	433J	633J
OTH CAR - 12	411J	611J	OTH TRK - 12	434J	634J
OTH CAR - 13	412J	612J	OTH TRK - 13	435J	635J
OTH CAR - 14	413J	613J	OTH TRK - 14	436J	636J
OTH CAR - 15	414J	614J	OTH TRK - 15	437J	637J
OTH CAR - 16	415J	615J	OTH TRK - 16	438J	638J
OTH CAR - 17	416J	616J
OTH CAR - 18	417J	617J
OTH CAR - 19	418J	618J
MEMO IDS-Military - Cars	419J	619J	MEMO IDS-Military-Trk	439J	639J
TOTAL CAR FLEET this PG	420J	620J	TOTAL TRK FLEET this PG	440J	640J
TOTAL CAR INTERNAL this PG	421J	621J	TOTAL TRK INTERNAL this PG	441J	641J

DEALER FLEET (INC. CAP)

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
CHEVROLET ICE CARS	400L	600L	BUICK/CADILLAC SMALL SUV EV	412L	612L
CHEVORLET EV CARS	401L	601L	BUICK/CADILLAC SMALL SUV ICE	413L	613L
BUICK ICE CARS	402L	602L	BUICK/CADILLAC MED SUV EV	414L	614L
BUICK EV CARS	403L	603L	BUICK/CADILLAC MED SUV ICE	415L	615L
CADILLAC ICE CARS	404L	604L	BUICK/CADILLAC LARGE SUV EV	416L	616L
CADILLAC EV CARS	405L	605L	BUICK/CADILLAC LARGE SUV ICE	417L	617L
DO NOT USE	406L	606L	CHEVROLET/GMC SMALL SUV EV	418L	618L
DO NOT USE	407L	607L	CHEVROLET/GMC SMALL SUV ICE	419L	619L
			CHEVROLET/GMC MED SUV EV	420L	620L
			CHEVROLET/GMC MED SUV ICE	421L	621L
			CHEVROLET/GMC/HUMMER LARGE SUV EV	422L	622L
			CHEVROLET/GMC LARGE SUV ICE	423L	623L
			SILVERADO/SIERRA HD ICE (2500/3500)	424L	624L
			DO NOT USE	425L	625L
			SILVERADO/SIERRA LD ICE (1500)	426L	626L
			SILVERADO/SIERRA/HUMMER LD EV	427L	627L
			COLORADO/CANYON ICE	428L	628L
			DO NOT USE	429L	629L
			SILVERADO MEDIUM DUTY (4500+)	430L	630L
			CHEVROLET LCF	431L	631L
			EXPRESS/SAVANA ICE	432L	632L
			DO NOT USE	433L	633L
			DO NOT USE	434L	634L

DEALER GOVERNMENT SALES

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
CHEVROLET ICE CARS	400M	600M	BUICK/CADILLAC SMALL SUV EV	412M	612M
CHEVORLET EV CARS	401M	601M	BUICK/CADILLAC SMALL SUV ICE	413M	613M
BUICK ICE CARS	402M	602M	BUICK/CADILLAC MED SUV EV	414M	614M
BUICK EV CARS	403M	603M	BUICK/CADILLAC MED SUV ICE	415M	615M
CADILLAC ICE CARS	404M	604M	BUICK/CADILLAC LARGE SUV EV	416M	616M
CADILLAC EV CARS	405M	605M	BUICK/CADILLAC LARGE SUV ICE	417M	617M
DO NOT USE	406M	606M	CHEVROLET/GMC SMALL SUV EV	418M	618M
DO NOT USE	407M	607M	CHEVROLET/GMC SMALL SUV ICE	419M	619M
			CHEVROLET/GMC MED SUV EV	420M	620M
			CHEVROLET/GMC MED SUV ICE	421M	621M
			CHEVROLET/GMC/HUMMER LARGE SUV EV	422M	622M
			CHEVROLET/GMC LARGE SUV ICE	423M	623M
			SILVERADO/SIERRA HD ICE (2500/3500)	424M	624M
			DO NOT USE	425M	625M
			SILVERADO/SIERRA LD ICE (1500)	426M	626M
			SILVERADO/SIERRA/HUMMER LD EV	427M	627M
			COLORADO/CANYON ICE	428M	628M
			DO NOT USE	429M	629M
			SILVERADO MEDIUM DUTY (4500+)	430M	630M
			CHEVROLET LCF	431M	631M
			EXPRESS/SAVANA ICE	432M	632M
			DO NOT USE	433M	633M
			DO NOT USE	434M	634M

SMALL BUSINESS COMMERCIAL

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
CHEVROLET ICE CARS	400K	600K	BUICK/CADILLAC SMALL SUV EV	412K	612K
CHEVORLET EV CARS	401K	601K	BUICK/CADILLAC SMALL SUV ICE	413K	613K
BUICK ICE CARS	402K	602K	BUICK/CADILLAC MED SUV EV	414K	614K
BUICK EV CARS	403K	603K	BUICK/CADILLAC MED SUV ICE	415K	615K
CADILLAC ICE CARS	404K	604K	BUICK/CADILLAC LARGE SUV EV	416K	616K
CADILLAC EV CARS	405K	605K	BUICK/CADILLAC LARGE SUV ICE	417K	617K
DO NOT USE	406K	606K	CHEVROLET/GMC SMALL SUV EV	418K	618K
DO NOT USE	407K	607K	CHEVROLET/GMC SMALL SUV ICE	419K	619K
			CHEVROLET/GMC MED SUV EV	420K	620K
			CHEVROLET/GMC MED SUV ICE	421K	621K
			CHEVROLET/GMC/HUMMER LARGE SUV EV	422K	622K
			CHEVROLET/GMC LARGE SUV ICE	423K	623K
			SILVERADO/SIERRA HD ICE (2500/3500)	424K	624K
			DO NOT USE	425K	625K
			SILVERADO/SIERRA LD ICE (1500)	426K	626K
			SILVERADO/SIERRA/HUMMER LD EV	427K	627K
			COLORADO/CANYON ICE	428K	628K
			DO NOT USE	429K	629K
			SILVERADO MEDIUM DUTY (4500+)	430K	630K
			CHEVROLET LCF	431K	631K
			EXPRESS/SAVANA ICE	432K	632K
			DO NOT USE	433K	633K
			DO NOT USE	434K	634K

BRIGHTDROP - RETAIL/SBC, FLEET, GOVERNMENT

TRUCKS	Sales	Cost of Sales
	A/C	A/C
ZEVO 400 - RTL/SBC	423N	623N
ZEVO 400 - FLT	424N	624N
ZEVO 400 - GOV	425N	625N
ZEVO 600 - RTL/SBC	426N	626N
ZEVO 600 - FLT	427N	627N
ZEVO 600 - GOV	428N	628N
DO NOT USE	429N	629N
DO NOT USE	430N	630N
DO NOT USE	431N	631N