Shawnee Co. set up a petty cash fund for payments of small accounts. The following transactions involving the petty cash fund occured in May (the last month of the company's fiscal year). May 1 prepared a company check for $250.00 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 14 a. Paid $78.00 for janitorial services. b. Paid $63.68 for miscellaneous expenses. c. Paid postage expenses of $43.50. d. Paid $75.15 to the county Gazette (the local newspaper) for an advertisement. e. Counted $11.15 remaining for petty cash. 16 Prepared a company check for $200.00 to increase the fund to $450.00. 31 The petty cashier reports that $293.39 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 expense of $48.36. g. Reimbursed the office manager for business mileage, $38.50 h. Paid $39.75 to deliver merchandise to a customer, term FOB destination 31 the company decided that the May 16 increase in the funds was too large. It increased the find by $50.00, leaving a total of $400.00 2) Explain how the company's financial statement are affected if the petty cash fund is not replenished and no entry is made on May 31