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) may 1 prepared a company check for $350 to establish the petty cash fund 15 prepared a company check to replenish the fundfor the following expenditures made since may 1 paid $109.20for janitonal services paid $89 15 for miscellaneous expenses paid postage expenses of $60 90. paid $80.01 to the county gezette (the local newspaper} fa an advertisement. counted $26 fti remanwitg in ito petty cash box prepared a company c befor $200 to increase the fund to $550. the petty cashier reports that $390.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15 paid postage expense of $59.10 reimbursed the office manager for business milege, $47.05 the company decides that the may 16 increases i the fund was 100 large it reduces the fund by $50 leaving a total of $500.