Adams Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May.

General Journal tab - Prepare the necessary journal entries. General Ledger and Trial balance tabs -Review the general ledger and trial balance tabs. Impact on Net Income tab - Calculate the impact each entry had on net income, if any.

May		1		Prepared a company check for $400 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 $139 for janitorial services.
				b. Paid $104 for miscellaneous expenses.
				c. Paid postage expenses of $70.
				d. Paid $35 to Facebook for advertising expense.
				e. Counted $66 remaining in the petty cash box.
May		16		Prepared a company check for $200 to increase the fund to $600.
May		31		The petty cashier reports that $240 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 $205.
				g. Reimbursed the office manager for business mileage, $103.
				h. Paid $34 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 $160, leaving a total of $440.