Kiona Company set up a petty cash fund for payments of small amounts. The following transactions occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $350 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since M May 15 a. Paid $109.20 for janitorial expenses. May 15 b. Paid $89.15 for miscellaneous expenses. May 15 c. Paid postage expenses of $60.90. May 15 d. Paid $80.01 to Facebook for advertising expense. May 15 e. Counted $26.84 remaining in the petty cashbox. May 16 Prepared a company check for $200 to increase the fund to $550. May 31 The petty cashier reports that $385.27 cash remains in the fund. A company check is drawn following expenditures made since May 15. May 31 f. Paid postage expenses of $59.10. May 31 g. Reimbursed the office manager for mileage expense, $47.05. May 31 h. Paid $48.58 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 fun Required: Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and t 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 3 4 5 Prepared a company check to replenish the fund for the expenditures made since May 15. Note: Enter debits before credits. Date General Journal Debit Credit May 31 Postage expenses 59.10 Mileage expense 47.05 Delivery expense 48.58 Cash over and short Cash