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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 company check for $300 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. May 15 a. Paid $93.60 for janitorial expenses. May 15 b. Paid $76.41 for miscellaneous expenses. May 15 c. Paid postage expenses of $52.20. May 15 d. Poid $68.58 to Facebook for advertising expense. May 15 e. Counted $23.81 renaining in the petty cashbox. May 16 Prepared a company check for $260 to increase the fund to $560. May 31 the petty cashier reports that $329.32 cash renains in the fund. A company check is draan to replenish the fund for the following expenditures made since May 15. May 31 f. Paid postage expenses of $53.73. May 31 g. Reimbursed the office manager for mileage expense, $42.78. May 31 h. Paid $44.17 in delivery expense for products to a customer, terns FOB destination. May 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 5450. Required: 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. Note: Round your answers to 2 decimal ploces. Journal entry worksheet 5 Prepared a company check for $300 to establish the petty cash fund. Note: Enter debits before credits. Journal entry worksheet 5 Prepared a company check to replenish the fund for the expenditures made since May 1. Note: Enter debits before credits. Journal entry worksheet 1 5 Prepared a company check for $200 to increase the fund to $500. Note: Enter debits before credits. Journal entry worksheet 1 Prepared a company check to replenish the fund for the expenditures made since May 15. Note: Enter debits before credits. Journal entry worksheet The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $450. Note: Enter debits before credits