Question
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, $20) and three expenditures with the credit card (postage. $59; delivery, $84; supplies expense, $49). oints 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.) Answer is not complete. General Journal Debit Credit No Transaction Postage Expense Delivery Expense Supplies Expense Entertainment Expense Potty Cash Petty Cash Cash
2 0 oints 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, $20) and three expenditures with the credit card (postage, $59, delivery, $84; supplies expense, $49). 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.) Answer is not complete. No Transaction General Journal 1 1 Postage Expense Delivery Expense Supplies Expense Entertainment Expense Petty Cash 2 2 Petty Cash Cashi 00000 Debit 59 Credit 84 49 20 212 212 212
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