Could you please explain how and why you get the answer that I got incorrect. I have also looked through here and have had answers: cash over/short - 35 & cash 203.81 and I was lost with how I got the answers listed above that are incorrect.

Answer is complete but not entirely correct. Date General Journal Debit Credit No 1 May 01 400.00 Petty cash Cash 400.00 N May 15 Janitorial expenses Miscellaneous expenses Postage expenses Advertising expense Cash over and short Cash 124.80 101.88 69.60 91.44 18.40 369.32 3 May 16 200.00 Petty cash Cash 200.00 4 May 31 Postage expenses Mileage expense Delivery expense Cash over and short Cash 64.48 51.33 53.00 5.00 X 191.19 % 5 May 31 50.00 Cash Petty cash 50.00 Kiona Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $400 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. May 15 a. Paid $124.80 for janitorial expenses. May 15 b. Paid $101.88 for miscellaneous expenses. May 15 c. Paid postage expenses of $69.60. May 15 d. Paid $91.44 to Facebook for advertising expense. May 15 e. Counted $30.68 remaining in the petty cashbox. May 16 Prepared a company check for $200 to increase the fund to $600. May 31 The petty cashier reports that $391.19 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. May 31 f. Paid postage expenses of $64.48. May 31 g. Reimbursed the office manager for mileage expense, $51.33. May 31 h. Paid $53.00 in delivery expense for products 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 $50, leaving a total of $550. 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.)