We receive a bill in June requiring immediate payment for a hotel event venue space....
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Accounting
We receive a bill in June requiring immediate payment for a hotel event venue space. The event is being held in August by the PR team, hosting editors to tease a product launch. What is the accounting treatment for this bill, hosting editors to tease a product launch. What is the accounting treatment for this bill, and how would you code the bill when you enter it into the system? Make any assumptions about accounts that we use in our G/L.
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