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At the end of the month, employees have made the following expenditures from the petty cash fund and with company-issued credit cards. None of these
At the end of the month, employees have made the following expenditures from the petty cash fund and with company-issued credit cards. None of these transactions has been recorded previously. Supplies (petty cash) = $50 Delivery (petty cash) = $75 Advertising (credit card) = $1,100 Equipment (credit card) = $4,200 Accounting to these employee purchases would include a: Credit to Cash for $1,225. o Credit to Accounts Payable for $5,425. Debit to Accounts Payable for $5,300. Credit to Petty Cash for $125
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