You have spent the last two days in San Diego, California, on company business. You flew in

Question:

You have spent the last two days in San Diego, California, on company business. You flew in on Wednesday morning and took the red-eye flight out on Thursday evening. During this trip, you stayed with your friend, Darren. As Darren lives in the suburbs, you rented a car and paid $80 for the rental and gas. Finally, as a courtesy, you treated Darren and his wife to dinner on Wednesday night (cost: $90). You also spent $45 toward other meals, even though you had breakfast with Darren on Thursday.
Usually, your firm puts up its employees in a downtown hotel. The average cost for San Diego is $140 per night (this is the discounted corporate rate). The firm also pays a per-diem meal allowance of $50 (no receipt required). However, if you were with clients, the firm would reimburse the actual cost for the meal (receipt required).

Required:
Prepare an expense report for your trip (excluding airfare). Assume that if you stayed at the hotel, no car would have been needed as you can walk from the hotel to your firm's office.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

Question Posted: