The company requested an employee stay at a hotel for several days, to be closer to work. The company paid for the stay. How shoud I show the expense in the company books

ANSWER

Expert Thomas Graham iii's Answer:

Hotel Expense (Misc Expense)                        $75.00
Accounts Payable - Holiday Inn                                                 $75.00

To book the original expense for the hotel.

Accounts Payable - Holiday Inn                        $75.00
Cash                                                                                               $75.00

To record payment made to Holiday Inn on payable.

Thomas Graham iii, CPA, CFE

Oklahoma

7 yrs experience

• Currently 5.0000/5 Stars.
• 1
• 2
• 3
• 4
• 5

78 Ans.