Recording purchase of a company vehicle
How do I record a company vehicle purchase with a cash price of 33047.63 + 240.63 fees totalling 33288.26 less a down payment via a company check of $6500 & rebate of $2250.00 given to us at the purchase. Leaving a balance that is financed at 24538.26? We have a monthly pymt of 511.22 paid to chrysler for 47 months and I show that there are no finance charges. I need a breakdown of how to enter the initial payment and the total amount for the vehicle as well as the monthly payments. I did set up a fixed asset item for the vehicle with a total value of 33288.26. Is that correct? I show we cut a check for the 6500 but not sure how to code that out and account for the fact that we had a rebate and therefore the total amount financed is less.