mework Dates: May 01 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 Biscellaneous expenses. C. Paid postage expenses of $53.5e. 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 nade since f. Paid postage expenses of $147.36. 9. Reimbursed the office manager for business mileage, $23.56. h. Paid $34.75 to deliver merchandise to a customer, terns 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. General General Trial Impact Require. Journal Ledger Balance on Indicate the impact each transaction had on net income. Decreases to net income should be indicated with a minus sign. to: May 31 Transaction Impact transaction has Amount of Increase on Income: decrease) May 1 Prepared a company check for $300 to establish the petty cash fund, May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: 588 for janitorial services. 553.68 for miscellaneous expenses 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 increase the fund to $500 May 31 The petty cashier reports thai $288.20 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 $147.36 business mileage $23.50, 334.75 to deliver merchandise to a customer terms FOB destination May 31 The company decides that the May 16 increase in the land was too large reduces the fund by 5100 Leaving total 15400 In total, net income increased screased by OOO postage