Sheridan 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. Sheridan's bank charges $1.25 for every debit card transaction and 2% 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: July 1 Established the petty cash fund by cashing a cheque for $210. 8 Total sales for the week were $33.250. Customers paid for these purchases as follows: $12,250 in cash, $9.000 on debit cards (140 transactions), and the balance using bank credit cards. Replenished the petty cash fund. On this date, the fund consisted of $61 in cash and the following petty cash receipts: & July 1 Established the petty cash fund by cashing a cheque for $210. 8 Total sales for the week were $33.250. Customers paid for these purchases as follows: $12,250 in cash, $9,000 on debit cards (140 transactions), and the balance using bank credit cards. Replenished the petty cash fund. On this date, the fund consisted of $61 in cash and the following petty cash receipts: 8 $49 25 Freight out Supplies Advertising in local paper Personal withdrawal by owner. R. Sheridan 33 36 15 Total sales for the week were $29.600. Customers paid for these purchases as follows: $11.600 in cash, $10.000 on debit cards (160 transactions), and the balance using bank credit cards. Replenished the petty cash fund and decreased the balance to $180. On this date the fund consisted of $64 in cash and the following petty cash receipts: 25 25 Replenished the petty cash fund and decreased the balance to $180. On this date, the fund consisted of $64 in cash and the following petty cash receipts: $41 Postage Advertising in local newspaper Supplies 48 50