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 $$450$ 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 $$140\mathrm{.}40$ for janitorial expenses.

May $15$ b$.$ Paid $$114\mathrm{.}62$ for miscellaneous expenses.

May $15$ c$.$ Paid postage expenses of $$78\mathrm{.}30.$

May $15$ d$.$ Paid $$102\mathrm{.}87$ to Facebook for advertising expense.

May $15e.$ Counted $$34\mathrm{.}51$ remaining in the petty cashbox.

May $16$ Prepared a company check for $$200$ to increase the fund to $$650.$

May $31$ The petty cashier reports that $$427\mathrm{.}13$ cash remains in the fund. A company check is drawn to replenish the fund

for the following expenditures made since May $15.$

May $31f.$ Paid postage expenses of $$69\mathrm{.}85.$

May $31g.$ Reimbursed the office manager for mileage expense, $$55\mathrm{.}61.$

May $31h.$ Paid $$57\mathrm{.}41$ 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 $$600.$

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.