5 Kiona Co set up a petty cash fund for p vments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). 1428 points ook May 1 Prepared a company check for $50 to establish the petty cash fund. 15 Prepared a company check to reponish the fund for the following expenditures made since May 1. a. Paid $109. 20 for janitorial & Denses. b. Paid $89.15 for miscellaneous penses. c. Paid postage expenses of $68.9 d. Paid $80.01 to Facebook for ady rtising expense. e. Counted $26.84 remaining in the setty cashbox. 16 Prepared a company check for $200 to increase the fund to $550. 31 The petty cashier reports that $375.7 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. 1. Paid postage expenses of $59.10. g. Reimbursed the office manager for mileage expense, 547.85. h. Paid $48.58 in delivery expense for products to a customer, terns FOB destination. 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $500. Print References Required: Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet