504 – Warranty Labor

Body Shop Department

Sales Synopsis

Account 504

Debits

Credits

 

  1. The amount of all Body Shop Warranty labor performed on Subaru and Other makes.

704 – Warranty Labor

Body Shop Department

Cost of Sales Synopsis

Account 704

Debits

Credits

  1. The cost of all Body Shop Warranty labor - both Subaru and Other makes.

 

 

Remarks:

These accounts should be used only by retailers having their own body and paint operation.

 

The balances in these accounts represent the body and paint labor for all warranty work performed on completed warranty repair orders and similar documents, for claims against Subaru and other manufacturers.

 

Time spent on each operation, or on each repair order, should be recorded in accordance with current applicable warranty policy.  

 

Warranty and transportation claims must be handled and submitted in accordance with current applicable warranty policy.