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Please record both employee credit card expenditures and employee petty cash expenditures Hawkeye Company has a $200 petty cash fund for incidental business expenses. Hawkeye's
Please record both employee credit card expenditures and employee petty cash expenditures
Hawkeye Company has a $200 petty cash fund for incidental business expenses. Hawkeye's owner has a business credit card to be used for business purchases. Employees made the following expenditures during the current period: one expenditure from the petty cash fund (entertainment, $15) and three expenditures with the credit card (postage, $49; delivery, $74; supplies expense, $39). 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 2 Record employee credit card expenditures. Note: Enter debits cefore credits. Transaction General Journal Debit Credit 1Step by Step Solution
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