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 companys 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 made since May 1.
May 15	a. Paid $88 for janitorial expenses.
May 15	b. Paid $53.68 for miscellaneous expenses.
May 15	c. Paid postage expenses of $53.50.
May 15	d. Paid $47.15 to Facebook for advertising expense.
May 15	e. Counted $62.15 remaining in the petty cashbox.
May 16	Prepared a company check for $200 to increase the fund to $500.
May 31	The petty cashier reports that $288.20 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 $147.36.
May 31	g. Reimbursed the office manager for mileage expense, $23.50.
May 31	h. Paid $34.75 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 $100, leaving a total of $400.

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.)

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 $300 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 $88 for janitorial expenses. May 15 b. Paid $53.68 for miscellaneous expenses. May 15 c. Paid postage expenses of $53.50. May 15 d. Paid $47.15 to Facebook for advertising expense. May is e. Counted $62.15 remaining in the petty eashbox. May 16 prepared a coespany eheck for $200 to inerease the fund to $500. May 31 The petty casbler reports that 5288.20 cash remains in the fund. A company check is drawn to replenish the tund tor the following expenditures made aince May 15. May 31 f. Paid pontage expehses of $147.36. May 31g. Reimbursed the office manager for mileage expense, \$23.50. Hay 31 b. Daid $34.75 in delivery expense for products to a customer, terms Fon destination. Nay 31 the company decides that the May 16 increase in the fund vas too large. It reduces the fund by $100, leaving a total of $400. 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.) Journal entry worksheet 5 Prepared a company check for $300 to establish the petty cash fund. Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 1. Note: Enter debits before credits. Journal entry worksheet Prepared a company check for $200 to increase the fund to $500. No Journal entry worksheet 5 Prepared a company check to replenish the fund for the expenditures made since May 15. Note: Enter debits before credits. in the fund balance on May 16 and May 31. (Round your answers to 2 decimal places.) Journal entry worksheet 23 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $100, leaving a total of $400. r hite hofnen omadita