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QUESTION 2 Based on the document below, answer the following questions: a. Is this used vehicle on the floor plan? (2pts) b. What might the
QUESTION 2 Based on the document below, answer the following questions: a. Is this used vehicle on the floor plan? (2pts) b. What might the $150.80 represent given that journal 30 is the internal sales journal? (1pts) c. What does the control number represent? (What is another name for it?) (1pt) d. Is this vehicle sold? Or in stock? How do you know? (2pts) City Auto Sales Accounting Data Entry Information from Dealership Journals Control # Date Jrnl # Ref # Acct # 1460 PY Honda Accord LX - blue 01-06-CY 70 01-06-CY 70 01-18-CY 30 Figure 5-7 Current balance SCHEDULE 10. VEHICLE INVENTORY Account 1450 - Used Car Inventory Account 1470 - Used Truck Inventory Account 2050 - Vehicle Liens Payable Account 2110 - Notes Payable - Used Vehicles 44588 1450 44588 2110 25478 1450 Amount 10,500.00 (10,500.00) 150.80 6 points 10,650.80 Current Balance for Account Numbers listed by Control # Acct # Acct # Acct # 1470 Acct # 1450 2050 2110 Save Answer Page 1 02-15-CY (10,500.00)
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