Collins Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred In May May 1 Prepared a company check for $500 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Pald $176 for janitorial services. b. Paid $132 for iscellaneous expenses. C. Paid postage expenses of $88. d. Pald 543 to Facebook for advertising expense. e. Counted $75 remaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $700. May 31 The petty cashier reports that $280 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures sade since May 15. f. Paid postare expenses of $241. E. Reimbursed the office manager for business mileage, $121. h. Paid $40 to deliver merchandise to a customer terms FOB destination. May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $160, leaving a total of $5.40