Question 2 View Policies Current Attempt in Progress Crane Retail Shop allows customers to use debit and bank credit cards as well as cash for purchases of merchandise. The company does not accept personal cheques. Crane's bank charges $1.00 for every debit card transaction and 3% for bank credit card transactions On July 1, the company established a petty cash fund. Before it created the petty cash fund, cash was taken from the cash register whenever someone needed cash to pay for a small expense. The following transactions happened in July y Established the petty cash fund by cashing a cheque for $330. 8 Total sales for the week were $34,500. Customers paid for these purchases as follows: $12,500 in cash. $9,000 on debit cards (140 transactions, and the balance using bank credit cards B Replenished the petty cash fund. On this date, the fund consisted of 596 in cash and the following petty cash receipts. Freight out Supplies Advertising in local paper Personal withdrawal by owner, R. Crane 15 Total sales for the week were $30.845. Customerspeld for the purchases as follows: $11.145 in cash $10,000 on debit cards (160 transactions, and the balance using bank credit cards. 25 Replenished the petty cash fund and decreased the balance to $209. On this date, the find consisted of 53 in cash and the following pretty cash recelos 577 Postage Advertising in local newspaper Supplies Record the transactions Credit count titles are automatically indented when the amount is entered. Denetindent manually. If no entry is required, select 'Ne Entry for the account titles and enter for the amounts, Round answers to decimal places, 5.275.) Debit Credit Date Account Titles and Explanation July 1 July 8 (To record sales) July 8 July 15 July 25