May 1	Prepared a company check for $450 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 $160 for janitorial services.
May 15	b. Paid $120 for miscellaneous expenses.
May 15	c. Paid postage expenses of $80.
May 15	d. Paid $41 to Facebook for advertising expense.
May 15	e. Counted $63 remaining in the petty cash box.
May 16	Prepared a company check for $150 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.
May 31	f. Paid postage expenses of $205.
May 31	g. Reimbursed the office manager for business mileage, $103.
May 31	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 $120, leaving a total of $480.

Looking for May 31st Answer not being accepted is 342.

\begin{tabular}{|c|c|c|c|c|c|} \hline & & \multicolumn{2}{|c|}{ Dates: } & April 30 & \\ \hline Transaction & \multicolumn{2}{|l|}{\begin{tabular}{l} Impact transaction has on \\ income: \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} Amount of increase \\ (decrease) \end{tabular}} & \\ \hline \begin{tabular}{l} May 1) Prepared a company check for $450 to \\ establish the petty cash fund. \end{tabular} & Net income was unchanged & ( & & & \\ \hline \begin{tabular}{l} May 15) Prepared a company check to \\ replenish the fund for the following \\ expenditures made since May 1:$160 for \\ janitorial services, $120 for miscellaneous \\ expenses, postage expenses of $80,$41 to \\ Facebook for advertising expense. Counted \\ $63 remaining in the petty cash box. \end{tabular} & Net income decreased by: & & & (387) & \\ \hline \begin{tabular}{l} May 16 Prepared a company check for $150 to \\ increase the fund to $600. \end{tabular} & Net income was unchanged & & & & \\ \hline \begin{tabular}{l} 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 : postage \\ expenses of $205, business mileage, $103,$34 \\ to deliver merchandise to a customer, terms \\ FOB destination. \end{tabular} & Net income decreased by: & & & & \\ \hline \begin{tabular}{l} 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 $480. \end{tabular} & Net income was unchanged & & & & \\ \hline \multicolumn{3}{|c|}{ In total, net income increased (decreased) by: } & $ & (387) & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Transaction } & \multicolumn{1}{|c|}{\begin{tabular}{c} Impact transaction has on \\ income: \end{tabular}} & \begin{tabular}{c} Amount of increase \\ (decrease) \end{tabular} \\ \hline \begin{tabular}{l} May 1) Prepared a company check for $450 to \\ establish the petty cash fund. \end{tabular} & Net income was unchanged & \\ \hline \begin{tabular}{l} May 15) Prepared a company check to \\ replenish the fund for the following \\ expenditures made since May 1:$160 for \\ janitorial services, $120 for miscellaneous \\ expenses, postage expenses of $80,$41 to \\ Facebook for advertising expense. Counted \\ $63 remaining in the petty cash box. \end{tabular} & Net income decreased by: & \\ \hline \begin{tabular}{l} May 16 Prepared a company check for $150 to \\ increase the fund to $600. \end{tabular} & Net income was unchanged & \\ \hline \begin{tabular}{l} 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: postage \\ expenses of $205, business mileage, $103,$34 \\ to deliver merchandise to a customer, terms \\ FOB destination. \end{tabular} & Net income decreased by: & \\ \hline \begin{tabular}{l} 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 $480. \end{tabular} & Net income was unchanged & \\ \hline \multicolumn{1}{|c|}{ In total, net income increased (decreased) by: } & $ \\ \hline \hline \end{tabular} Trial Balance Impact on Income