The ceo of crimson, inc., entertains 7 clients at a skybox in memorial stadium for a single athletic event during the year. substantive business discussions occurred at various times during the event. the box cost $2,000 per event and seats 10 people. (the cost of a regular, nonluxury box seat at memorial ranges from $55 to $100.) refreshments served during the event cost $700. how much of these costs may crimson deduct? the answer $700,2700 and 1890 is 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, $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.