| This is The Journal entry I | Have so far | |
| | db | <cr> |
| Trade-in Vehicle Xt5 | | -55,437.26 |
| accum dep Xt5 | 55,437.26 | |
| | | |
| New Vehicle XT6 | 66,848.41 | |
| loan XT6 | | -66,848.41 |
| | | |
| Trade-In XT5 loan | 27,750.00 | |
| Gain/Loss Xt5 | | -27,750 |
| cash from checking | | -1,550.80 |
| Loan XT5 ( Rebate) | 2,000.00 | |
| What Account to <cr> | | -2,000.00 |
| | 153,586.47 | 153,586.47 |
| It Balances but is the REBATE | on the the new | Vehicle |
| applied to the Gain on sale | | |
