Problem 6-2A (Algo) Establishing, reimbursing, and adjusting petty cash LO P2 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 cospany check for $400 to establish the petty cash fund. May 15 Prepared a company cheek to replenish the fund for the following expenditurea made since May 1. May is a. Paid $124.80 for jenitorial expenses. May 15 b. Paid $101.$8 for miscellaneoun expenses. May is e. Paid plostage expensea of $69.60. May 15 d. Paid $91.44 to Pacebook for advertiaing expense. May 15%. Counted $30.68 renaining in the petty canbox. May 16 Prepared a company check for $200 to increase the fund to $600. May 31 The petty cashier reporta that $411.19 cash resaini in the fund. A coepany eheck in drawn to roplenish the fund for the following expenditures made mince May 15. Kay 31f. Paid pontage expenses of $64.48. May 31g. Reimburned the office manager for nileage expense, 551.33 . May 31 s. Paid $53.00 in delivery expense for productin to a custoner, terms ros destination. May 31 The company deciden that the May 16 increase in the fund was too 2arge. It reducen the fund by $50, 1 eaving a total of $550. Required: Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on Moy 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