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View Policies Current Attempt in Progress Blossom Retail Shop allows customers to use debit and bank credit cards as well as cash for purchases of

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View Policies Current Attempt in Progress Blossom 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. Blossom's bank charges $1.00 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 8 Established the petty cash fund by cashing a cheque for $210 Total sales for the week were $32 500. Customers paid for these purchases as follows: $11,500 in cash, 89.000 on debit cards (120 transactions), and the balance using bank credit cards Replenished the petty cash fund. On this date, the fund consisted of 561 in cash and the following petty cash receipts: B 8 Replenished the petty cash fund. On this date, the fund consisted of $61 in cash and the following petty cash receipts. Freight out $48 24 Supplies 32 Advertising in local paper 41 Personal withdrawal by owner, R. Blossom 15 Total sales for the week were $29,000, Customers paid for these purchases as follows: $10,000 in cash, $10,000 on debit cards (140 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 $50 in cash and the following petty cash receipts: 25 Postage $45 52 Advertising in local newspaper 55 Supplies (a) Record the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no en required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit July 1 > July 8 > (To record sales) July 8 > July 15 > > July 25

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