Question
Purchase a vehicle with a trade in vehicle and a loan
I bouth a vechile for $52,826.07
Rebate $7,500.00
down payment $10,000.00
trade in -$4,139.25.00
Business license and permits $1,161.74
Vehicle trade in gross allowance $20,000.00
Asset old vehicle $38,682.85
old loan Amount $24,139.25
How I record this on QuickBooks? Journal entry?
