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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


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


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78 Ans.