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 2.00% 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 0 B Established the petty cash fund by cashing a cheque for $210.00 Total sales for the week were $33.250.00. Customers paid for these purchases as follows: $12.250.00 in cash. $9.000.00 on debit cards (140 transactions), and the balance using bank credit cards. Replenished the petty cash fund. On this date, the fund consisted of $61.00 in cash and the following petty cash receipts: Repair expense Supplies $49.00 25.00 Advertising in local paper 33.00 Personal withdrawal by owner, R. Sheridan 36.00 15 25 Total sales for the week were $29.600.00. Customers paid for these purchases as follows: $11.600.00 in cash, $10,000.00 on debit cards (155 transactions), and the balance using bank credit cards. Replenished the petty cash fund. On this date, the fund consisted of $26.00 in cash and the following petty cash receipts: Postage $51.00 Advertising in local newspaper 60.00 Supplies 63.00 617 PM