Kiona Co 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 $300 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $93.60 for Janitorial services. b. Paid $76.41 for miscellaneous expenses. c. Paid postage expenses of $52.20. d. Paid $68.58 to The County Gazette (the local newspaper) for an advertisement. e. Counted $23.01 remaining in the petty cashbox. 16 Prepared a company check for $2ee to increase the fund to $580. 31 The petty cashier reports that $344.32 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $53.73. g. Reimbursed the office manager for business mileage. $42.78. n. Paid $44.17 to deliver merchandise to a customer, terms FOB destination 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $5e, leaving a total of sese. Required: 1. 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 Journal entry worksheet 1 2 Prepared a company check for $300 to establish the petty cash fund. Note: Enter debits bate credits Debit General Journal Date Credit May 01