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

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Accounting

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, $55; delivery, $80; supplies expense, $45).

Record all employee expenditures, and record the entry to replenish the petty cash fund. The credit card balance will be paid later.

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