Indicate the impact each transaction had on income please explain each one

510 7 034% 7:36 X Assignment Print View . . . ezto.mheducation.com connect cancel print 10. Award: 6.66 points Kiona Co. 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 $300.00 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 $88.00 for janitorial services. b. Paid $53.68 for miscellaneous expenses. c. Paid postage expenses of $53.50. d. Paid $47.15 to Facebook for advertising expense. e. Counted $62.15 remaining in the petty cash box. May 16 Prepared a company check for $200.00 to increase the fund to $500.00. May 31 The petty cashier reports that $288.20 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 $147.36. g. Reimbursed the office manager for business mileage, $23.50. h. Paid $34.75 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 $100.00, leaving a total of $400.00. Requirement General Journal General Ledger Trial Balance mpact on Income Indicate the impact each transaction had on net income. Decreases to net income should be indicated with a minus sign. Dates: May 01 to: May 31 Transaction Impact transaction has on income: Amount of increase (decrease) May 1) Prepared a company check for $300 to Net income was unchanged establish the petty cash fund. May 15) Prepared a company check to replenish Net income decreased by: the fund for the following expenditures made since May 1: $88 for janitorial services, $53.68 for miscellaneous expenses, postage expenses of $53.50, $47.15 to Facebook for advertising expense. Counted $62.15 remaining in the petty cash box. May 16 Prepared a company check for $200 to Net income was unchanged increase the fund to $500. May 31 The petty cashier reports that $288.20 cash Net income decreased by: remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15: postage expenses of $147.36, business mileage, $23.50, $34.75 to deliver merchandise to a customer, terms FOB destination. May 31 The company decides that the May 16 Net income was unchanged increase in the fund was too large. It reduces the fund by $100, leaving a total of $400. In total, net income increased (decreased) by: D.OO