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Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, employees
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund (entertainment, $25) and three expenditures with the credit card (postage, $41; delivery, $66; supplies expense, $31). Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record employee credit card expenditures. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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