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 May
15
- Paid $76.41 for miscellaneous expenses.
- Paid postage expenses of $52.20.
May
15
15
d. Paid $68.58 to Facebook for advertising expense.
May
15
e. Counted $23.01 remaining in the petty cashbox.
May
16
Prepared a company check for $200 to increase the fund to $500.
May 31 The petty cashier reports that $324.32 cash remains in the fund. A company check is drawn 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, 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.
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 places.
Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 15. Note: Enter debits before credits. Journal entry worksheet 5 Prepared a company check for $300 to establish the petty cash fund. Note: Enter debits before credits. Journal entry worksheet Prepared a company check to replenish the fund for the expenditures made since May 1. Note: Enter debits before credits. Journal entry worksheet 12 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. 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 $30 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. Nay 15 c. Paid postage expenses of $52.26. Nay 15 d. Paid $68.$8 to Facebook for advertising expense. May 15e. Counted $23.81 remaining in the petty cashbox. May 16 prepared a company check for $200 to increase the fund to $500. May 31 The petty cashier reports that $324.32 cash remains in the fund. A conpany check is drawn to replenish the fund. for the following expenditures made since May 15. May 31 f. Poid postage expenses of $53,73. Nay 31 9. Reimbursed the office manager for nileage expense, $42.78. May 31 h. Paid $44.17 in delivery expense for products to a custoner, terms fos destination. Kay 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by 550 , 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 places. Journal entry worksheet Prepared a company check for $200 to increase the fund to $500. Note: Enter debits before credits 
