Doubt on financed purchases representation

[Mike or Penny Novack]

Luiz Carlos da Costa Junior wrote:

>
>Now I did a financed purchase of 10 bottles that I will pay in 10 months
>but I already got all bottles. This transaction will be split in 10, where
>I will charge my banking account once a month. And I have already sold all
>10 bottles.
>  
>
You didn't pay for them at the time you got the bottles. You incurred a 
liability for them. So the initial transaction would be debit bottles, 
credit liability.

>If I split the bottles putting each one of the 10 transactions, my stock
>account will be negative until the last split come into it.
>On the other side if I put all 10 bottles in the first transaction, my
>stock account will be ok, but the price of the bottles in this transaction
>will be wrong.
>  
>
No, none of the ten monthly payments you make affects the  bottles 
account. Would be a debit to the liability (reducing it) and a credit to 
your banking account

>How should I represent this purchase?
>Suggestions?
>Have someone faced something similar?
>  
>
Yes, of course. Anytime I bought something with a credit card for 
example. Or a car with a loan, etc.

Michael