Leasing vs. Buying A NEW CAR - Ent Credit Union

TYPICAL TRANSACTIONS Account Name Account # Debit Credit Example 1. Down payment received on car sale. Posted in cash receipts journal. Undeposited Cash Clearing 1040 X Accounts Receivable – Vehicle 1100 X Example 2. Service cash turned in by service cashier to office cashier. Posted in cash receipts journal. ................
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