One difference between monopolistic competition and pure competition is that rev: 05_15_2018 Multiple Choice there is some control over price in monopolistic competition. firms differentiate their products in pure competition. products may be homogeneous in monopolistic competition. monopolistic competition has significant barriers to entry.

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.