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Based on the document below, answer the following questions: Is this used vehicle on the floor plan? (2pts) What might the $150.80 represent given that

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  1. Based on the document below, answer the following questions:

    • Is this used vehicle on the floor plan? (2pts)

    • What might the $150.80 represent given that journal 30 is the internal sales journal? (1pts)

    • What does the control number represent? (What is another name for it?) (1pt)

    • Is this vehicle sold? Or in stock? How do you know? (2pts)

City Auto Sales Page 1 02-15-CY SCHEDULE 10. VEHICLE INVENTORY Accounting Data Entry Information from Dealership Journals Control Date Urril Ref Acct Amount Current Balance for Account Numbers listed by Control Acct Acct Acco Acct # 1450 1470 2050 2110 1460 PY Honda Accord LX.blue 01.05-CY 70 44588 01-06-CM 70 44588 D116HOY 20 25478 1450 2110 1450 10.500.00 (10.500 00) 150 80 Current balance 10.650.80 10 500.00) Account 1450 Used Car Inventory Account 1470 - Used Truck Inventory Account 2050 - Vehicle Liens Payable Account 2110 - Notes Payable - Used Vehicles Figung 5.21 City Auto Sales Page 1 02-15-CY SCHEDULE 10. VEHICLE INVENTORY Accounting Data Entry Information from Dealership Journals Control Date Urril Ref Acct Amount Current Balance for Account Numbers listed by Control Acct Acct Acco Acct # 1450 1470 2050 2110 1460 PY Honda Accord LX.blue 01.05-CY 70 44588 01-06-CM 70 44588 D116HOY 20 25478 1450 2110 1450 10.500.00 (10.500 00) 150 80 Current balance 10.650.80 10 500.00) Account 1450 Used Car Inventory Account 1470 - Used Truck Inventory Account 2050 - Vehicle Liens Payable Account 2110 - Notes Payable - Used Vehicles Figung 5.21

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