439 New Trucks - Internet (Memo Account)

439 New Trucks – Internet (Memo Account)

Sales

New Vehicle Department

Sales Synopsis

Account 439, New Trucks - Internet, is established as a memo account only to “break-out” sales produced by the dealership’s Internet marketing efforts.

Debits

Credits

Actual selling price of new trucks sold as a result of Internet activity recorded in Account 423 – 438 above

639 New Trucks – Internet (Memo Account)

Cost of Sales

New Vehicle Department

Cost of Sales Synopsis

The inventory values of Trucks sold above is recorded as the Cost of Sales in this account.

Debits

Credits

Cost of new trucks sold resulting from Internet promotions

Example 1

Record the sale of a new truck for the amount of $41,551 and a cost of $40,151 as a result of Internet promotions.

Journal: Statistical Data

Entry:		Debit	Credit
Account 639	Cost of Sales – New Trucks – Internet	$40,151
Account 439	Sales – New Trucks – Internet		$41,551

Comments

The Internet Sales for each respective Division should be recorded as indicated 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