Jonni Jones is reviewing the cash accounting for London, Inc., a local hair salon. information from London's bookkeeper for this task. Petty Cash 1. The petty cash fund was established on September 2, 2020, in the amount of $300. 2. Expenditures from the fund by the custodian as of September 30 , 2020, were evidenced by approved receipts for the following. Postage expense 61.50 Mailing labels and other supplies 31.00 I.O.U. from employees 25.00 Shipping charges 79.36 Newspaper advertising 38.00 Miscellaneous expense 12.30 On September 30, 2020, the petty cash fund was replenished and increased to $400; currency and coin in the fund at that time totaled $52.34