Problem 6-2A Establishing, reimbursing, and adjusting petty cash LO P2 Kiona Co set up a petty cast fond for payments or 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 to establish the petty cash fund. 15 Prepared company check to replenish the fund for the following expenditures de since May 1 a. Paid $93.60 for janitorial services. b. Paid $76.41 for miscellaneous expenses. c. Paid postage expenses of 552.2. d. Paid 168.58 to The County Gazette (the local newspaper) for an adverti e. Counted $23.01 remaining in the petty cashbox. 16 Prepared a company check for $200 to increase the fund to $500. 31 The petty cashier reports that 5349.32 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $53.73. 9. Reimbursed the office manager for business $42.78 h. Paid $44.17 to deliver merchandise to a custom e rs FOB destination 31 The company decides that the May 16 Increase in the fund was too large. It reduces the fund by $5e, leaving a total of $450. 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.) View transaction list Journal entry worksheet