Bill Jovi is reviewing the cash accounting for Cheyenne, Inc., a local mailing service. Jovi's review will focus on the petty cash account and the bank reconciliation for the month ended May 31, 2017. He has collected the following information from Cheyenne's bookkeeper for this task. Petty Cas 1. The petty cash fund was established on May 10, 2017, in the amount of $310.00 2. Expenditures from the fund by the custodian as of May 31, 2017, were evidenced by approved receipts for the following: Postage expense Mailing labels and other supplies 1..U. from employees Shipping charges (to customer) Newspaper advertising Miscellaneous expense $40.92 80.60 37.20 71.24 28.27 19.03 On May 31, 2017, the petty cash fund was replenished and increased to $372.00; currency and coin in the fund at that time totaled $32.74 ank Reconciliation conC THIRD NATIONAL BANK BANK STATEMENT Disbursements Receipts Balance Balance, May 1, 2017 Deposits Note payment direct from customer (interest of $37.20) Checks cleared during May $10,873.56 $34,720.00 1,153.20 $38,626.00