I've tried following along other solution but none seem to give ne the correct answer....

50.1K

Verified Solution

Question

Accounting

image
image
image
I've tried following along other solution but none seem to give ne the correct answer. Where did I go wrong?
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. $56; dellvery, $81; supplies expense. $46). 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 Credit Debit 20 81 58 Entertainment Expense Delivery Expense Postage Expense Supplies Expense Petty Cash Accounts Payable . Petty Cash Cash 20 How transaction list Journal entry worksheet Record employee credit card expenditures. Note: Enter debits before credits Transaction Debit . 1 General Journal Entertainment Expense Delivery Expense s Postage Expense Supplies Expense Petty Cash Accounts Payable 58 View general Journal e here to search Journal entry worksheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students