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help Asap Please due at 12!!!!!! Kiona Company set up a petty cash fund for payments of smail amounts. The following transactions involving the petty
help Asap Please
Kiona Company set up a petty cash fund for payments of smail 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 $300 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures nade since May 1. May 15 a. Paid $93.60 for janitorial expenses. May 15 b. Paid $76.41 for miscellaneous expenses. May 15 c. Paid postage expenses of $52.20. May 15 d. Paid $68.58 to Facebook for advertising expense. May 15e. Counted $23.01 remaining in the petty cashbox. May 16 Prepared a company check for $2e0 to increase the fund to $5e0. May 31 The petty cashier reports that $349.32 cash remains in the fund. A company check is drawn to reptenish the fund for the following expenditures nade since May 15 . May 31f. Paid postage expenses of $53.73. May 319 . Reimbursed the office manager for mileage expense, $42.78. May 31h. Paid $44.17 in delivery expense for products to a customer, terms fo8 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 $450. Required: Prepare journal entries to establish the fund ch 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.) Prepared a company check for $300 to establish the petty cash fund. Prepared a company check to replenish the fund for the expenditures made since May 1. Prepared a company check for $200 to increase the fund to $500. Prepared a company check to replenish the fund for the expenditures made since May 15. The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $450 due at 12!!!!!!
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