Heinz makes most of its money from ketchup and prepared, packaged foods that are substitutes for fresh foods. Revenue tends to be low in the second quarter (May, June, and July). Can you provide a possible reason for this pattern? (Hint: Fresh fruits and vegetables are substitutes for many Heinz prepared foods, and ketchup is commonly used on food prepared at outdoor cookouts.) Revenue for Heinz tends to be low in the second quarter because

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, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. 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 record expenditures from credit card and the petty cash fund.