Problem 6-2A Establish, reimburse, and adjust petty cash LO P2 Kiona Co. 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 $250 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expendi 15 Prepared a cmpany check to replenish the fund for the following expenditures made since May 1 a. Paid $78.00 for janitorial services b. Paid $63 68 for miscellaneous expenses c Paid postage expenses of $43.50 d Paid S57 15 to The County Gazette (the local newspaper) for an advertisement e Counted $19. 17 remaining in the petty cash box 16 Prepared a company check for $200 to increase the fund to $450 31 The petty cashier reports that $298 39 cash remains in the fund. A company check is dra replenish the fund for the following expenditures f Paid postage expenses of $48 36 g Reimbursed the office manager for business mileage, $38.50 h Paid 539 75 to deliver merchandise to a customer, terms FOB destination 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by S50, leaving a total of $400 f Puindr poumal entries to establich the tuno Required 1. 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 (Round your answers to 2 decimal places.)