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    hi5's Avatar
    hi5 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 19, 2009, 01:20 PM
    GL Account
    Currently I've an invoice in the amount of $6000 to reserve a booth for Jan 2010 CES show. I'd like to know if I can record this transaction now as prepaid expense. If not, what would be the appropriate GL for this payment.

    Thank You in advance.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 19, 2009, 02:11 PM

    I would record it as a Prepaid Expense.
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