Section 6 - Business Office - Study Material and Assignment are attached. Thank you in advance for your assistance.

AM 3630 - Dealership Accounting Business Office Exercises 1. Post the following transactions using the general journal: Exercise 14. 1. A check for $108.00 received from BMW West (Customer # 103) for payment on their A/R vehicles account. 2. Electronic funds transfer for $20,325.00 from Ford Motor Credit Company is received for a finance contract for Prince Fielder. Exercise 15. 1. A check was issued to Office Mart in the amount of $250.00 for paper for the copy machine. 2. A check was issued to Ford Credit in the amount of $23,500 to pay off the floor plan amount for a new vehicle sale. 3. A check was issued to GMPP in the amount of $675.00 for an ESP Contract Payable. Exercise 16. Issue and post purchase orders for the following: 1. Forms for parts and service invoices for $1250.00 payable to Universal Forms. 2. Bulk Oil for the Service Department for $2,000.00 payable to Gulf State Petroleum. 3. Replacement tools fort eh Service Department for $800.00 payable to S&O Tools. Exercise 17. Post the following standard entries for the following: 1. Local phone charges of $750.00 payable to Telco Communications 2. Rent for storage space for $125.00 payable to ABC Storage 3. Monthly Insurance expense on a $12,000 annual insurance premium (Prepaid). AM 3630 - Dealership Accounting Business Office Exercises 4/21/2014 Exercise # 14.1 14.2 15.1 15.2 15.3 16.1 16.2 16.3 17.1 17.2 17.3 Acct. # Account Name Debit Credit