Kiona co. 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). prepare the entries.

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.

a. paid $93.60 for janitorial services.

b. paid $76.41 for miscellaneous expenses.

c. paid postage expenses of $52.20.

d. paid $68.58 to the county gazette (the local newspaper) for an advertisement.

e. counted $23.01 remaining in the petty cash box.

may 16: prepared a company check for $200 to increase the fund to $500.

may 31: the petty cashier reports that $339.32 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 mileage, $42.78.

h. paid $44.17 to deliver merchandise to a customer, terms 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 $450.