Clooney Corp. establishes a petty cash fund for $225 and issues a credit card to its...

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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 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 Journal entry worksheet < Record employee petty cash expenditures. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Cash Record entry Clear entry 220 View general journal Journal entry worksheet 1 2 Record employee credit card expenditures. Note: Enter debits before credits. Transaction General Journal Clear entry Record entry BEEBBER Debit Credit View general journal 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 Journal entry worksheet < Record employee petty cash expenditures. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Cash Record entry Clear entry 220 View general journal Journal entry worksheet 1 2 Record employee credit card expenditures. Note: Enter debits before credits. Transaction General Journal Clear entry Record entry BEEBBER Debit Credit View general journal

Answer rating: 100% (QA)

The journal for the expenditue made is Transaction General Journal Debit 1 Postage De... View the full answer