1Quantity 2 Rate per Kg 3 Excise Duty Direct or Input as such 4. 1When car purchase. Financing New Company Vehicle Purchased With Trade In Of Old Vehicle General Discussion Sage 50 Accounting Canadian Edition Sage City Community The payoff was 1315538 and we sold the. . If you paid a deposit enter the payment and use the new vehicle fixed asset account as the expense for the payment. Take a minute to read How to Claim Input Tax Credits Relating to Business Use of Your Personal Vehicle. Enter the necessary information. Journal Entry for Sale of a Vehicle with a loan. Subtract the two notes 44234 - 20658 23576. The entry to record the purchase at Jun 1 is as follows. In case of a journal entry for cash purchase Cash account and Purchase. What are the correct journal entries for the sale of a vehicle with a loan. Debit vehicle for 20000. Answer 1 of 3. Click on the Plus icon choose Check. Whe