the pertry cash fundoeuash May 1 Prepared co cash fund for payments of small amounts. The following transactions involving set umd occurred in May (the last month of the company's fiscal year). Kiona Co. set up a Problen red a company check for $300 to establish the petty cash fund. Establish I a company check to replenish the fund for the following expenditures made since May 1. and adju P2 15 Prepared a Paid $88 for janitorial expenses. Pai d $53.68 for miscellancous expenses b. Paid postage expenses of $53.50. id $47.15 to The County Gazette (the local newspaper) for advertising expense. Counted S62.15 remaining in the petty cashbox. check for $200 to increase the fund to $500. Prepared a company The petty re 16 cashier reports that $288.20 cash remains in the fund. A company check is drawn to the fund for the following expenditures made since May 15 le Paid postage expenses of $147.36 imbursed the office manager for mileage expense, $23.50. 4.75 in delivery expense for products to a customer, terms FOB destination. y decides that the May 16 increase in the fund was too large. It reduces the fund by h. $100, leaving a total of $400 iournal entries (in dollars and cents) to establish the fund on May 1, to replenish it on May 15 31 The compan Required Che on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31. 15 and Analysis Component how the company's financial statements are affected if the petty cash fund is not replenished 2 Explain and no entry is made on May 31