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Clooney Corporation establishes a petty cash fund for $225 and issues a credit card to its office manager. By the end of the month, employees
Clooney Corporation 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, $25) and three expenditures with the credit card (postage, $60; delivery, $85; supplies expense, $50)
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