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 $4e 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 $124.80 for janitorial expenses. May 15 b. Paid $101.88 for miscellaneous expenses. May 15 c. Paid postage expenses of $69.60. May 15 d. Paid $91.44 to Facebook for advertising expense. May 15e. Counted $30.68 remaining in the petty cashbox. May 16 Prepared a company check for $2 to increase the fund to $6. May 31 The petty cashier reports that $396.19 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 $64.48. May 31 g. Reimbursed the office manager for mileage expense, $51.33. May 31 h. Paid $53.60 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 $550. Requlred: 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 declmal places. 1 Prepared a company check for $400 to establish the petty cash fund. 2 Prepared a company check to replenish the fund for the expenditures made since May 1. 3 Prepared a company check for $200 to increase the fund to $600. 4 Prepared a company check to replenish the fund for the expenditures made since May 15. 5 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $550. Note : = journal entry has been entered