Book Print King Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May. May 1 Prepared a company check for $350 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 $119 for janitorial services. May 15 b. Paid $89 for miscellaneous expenses. May 15 c. Paid postage expenses of $59. May 15 d. Paid $30 to Facebook for advertising expense. May 15 e. Counted $64 remaining in the petty cash box. May 16 Prepared a company check for $150 to increase the fund to $500. May 31 The petty cashier reports that $200 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 $172. May 31 g. Reimbursed the office manager for business mileage, $86. May 31 h. Paid $28 to deliver menchandise 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 $120, leaving a total of $380. eferences Requirement General Journal General Ledger Trial Balance Impact on Income L Mc Indicate the impact each transaction had on net income. Decreases to net income should be indicated with a minus sign. Transaction Dates: May 01 to: April 30 Impact tion has on rease (decrease) May 1) Prepared a company check for $350 to establish the petty cash fund. May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $119 for janitorial services. $89 for miscellaneous expenses, postage expenses of $59, $30 to Facebook for advertising expense. Counted $64 remaining in the petty cash box May 16 Prepared a company check for $150 to increase the fund to $500. May 31 The petty cashier reports that $200 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15: postage expenses of $172. business mileage, $86, $28 to deliver merchandise to a customer, terms FOB destination.