Problem 6-2A Establishing, reimbursing, and adjusting petty cash LO P2 points Kiona Co set up a petty cash rund 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 $300 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures sade since May 1. a. Paid $93.60 for janitorial services b. Paid $76.41 for miscellaneous expenses c. Paid postage expenses of $52.20. d. Pald 568.58 To The County Gazette (the local newspaper) for an advertisement e. Counted $23.e1 remaining in the petty cashbox 16 Prepared a company check for $200 to increase the fund to $500. 31 The petty cashier reports that $149.32 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. g. Reimbursed the office manager for business sileag, $42.78. h. Paid $44.17 to deliver rchandise to customer, teras FOB destination. 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 $45e. 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 2 3 4 5 Prepared a company check for $300 to establish the petty cash funde