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Clooney Corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. By the end of the month, employees
Clooney Corp. establishes a petty cash fund for $225 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, $15) and three expenditures with the credit card (postage, $58; delivery, $83; supplies expense, $48). 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 View journal entry worksheet No Transaction General Journal Debit Credit 1 225 Petty Cash Cash 225 2 Entertainment Expense Postage Expense Delivery Expense Supplies Expense Petty Cash 225
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