Sunland 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. Sunland's bank charges $1.25 for every debit card transaction and 5% 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 Established the petty cash fund by cashing a cheque for $310. 1 8 Total sales for the week were $32,500. Customers paid for these purchases as follows: $11,500 in cash, $9,000 on debit cards (140 transactions), and the balance using bank credit cards. 8 Replenished the petty cash fund. On this date, the fund consisted of $90 in cash and the following petty cash receipts: Freight out Supplies Advertising in local paper $71 36 47 Personal withdrawal by owner, R. Sunland 61 15 25 Total sales for the week were $28,900. Customers paid for these purchases as follows: $10,900 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 $270. On this date, the fund consisted of $60 in cash and the following petty cash receipts: Postage $70 Advertising in local newspaper 82 Supplies 86