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 $$93\mathrm{.}60$ for janitorial expenses.

May $15$ b$.$ Paid $$76\mathrm{.}41$ for miscellaneous expenses.

May $15$ c$.$ Paid postage expenses of $$52\mathrm{.}20.$

May $15$ d$.$ Paid $$68\mathrm{.}58$ to Facebook for advertising expense.

May $15$ e$.$ Counted $$23\mathrm{.}01$ 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 $$344\mathrm{.}32$ 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 $$53\mathrm{.}73.$

May $31$ g$.$ Reimbursed the office manager for mileage expense, $$42\mathrm{.}78.$

May $31$ h$.$ Paid $$44\mathrm{.}17$ 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 $$50,$ leaving a total of $$450.$

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 $31.$

Note: Round your answers to $2$ decimal places.