GL0601 (Algo) - Based on Problem 6-2A LO P2 Carter 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 $500 to establish the petty cash fund. May is Prepared a company check to replenish the fund for the following expenditures made 5 ince May 1. May 15 a. Paid $177 for janitorial services. May 15 b. Paid $133 for miscetlaneous expenses. May 15 c. Paid postage expenses of 589 . May is d. Paid $44 to Facebook for advertising expense. May 15e. Counted $65 renaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $700. May 31 The petty cashier reports that $280 cash remains in the fund. A conpany check is drawn to replenish the fund for the following expenditures nade since May 15. May 31 . Paid postage expenses of $246. May 31 9. Reimbursed the office manager for business mileage, $123. May 31 h. Paid $41 to deliver merchandise to a custoner, 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 $540. 8 Answer is not complete. Prepare the foumal entries for each of the petty cash transactions. GL0601 (Algo) - Based on Problem 6-2A LO P2 Carter 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 $500 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 $177 for janitorial services. May 15 b. Paid $133 for miscellaneous expenses. May 15 c. Paid postage expenses of $89. May 15 d. Paid $44 to Facebook for advertising expense. May 15e. Counted $65 renaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $700. May 31 The petty cashier reports that $280 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. Paid postage expenses of $246. May 31g. Reimbursed the office manager for business mileage, $123. May 31 h. Paid $41 to deliver nerchandise to a custoner, terms F08 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 $540. Answer is not complete. Indicate the impact each transaction had on net income. Note: Decreases to net income should be indicated with a minus sign