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Kiona Company set up a petty cash fund for payments of smallamounts. The following transactions involving the petty cash fundoccurred in May (the last month
Kiona Company set up a petty cash fund for payments of smallamounts. The following transactions involving the petty cash fundoccurred 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 2 answers
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