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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) Record all employee expenditures, and record the entry to replenish the petty cash fund. 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.) Answer is not complete. No Transac eneral Journal Debit Credit Postage expense Delivery expense Supplies expense 41 25 Petty cash 163 Petty cash 163 163
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