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Perry Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May My

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Perry Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May My Prepared a company check for $400 to establish the petty cash fund. wy 15 Puured company check to replenish the fund for the following expenditures nade since May 1. . Po us for janitorial services Pald 5101 for miscellaneous wapenses Pa postage expenses of Pad 4 to Facebook for advertising expenses Counted $70 pemaining in the petty cash bux May 16 Prepared company check for $200 to Increase the fund to 5600 May 11 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. 1 Paid peste expenses of $20. bursed the office wanag for business wileage, 510) M. Paid $4 to deliver merchandise to a customer, teres Fon destination Mer 1 The company decides that the May 16 increase in the fund was too larne. It reduces the fund by $160, leaving #total of $400 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 Impact transaction has on Amount of increase Transaction income: (decrease) May 1) Prepared a company check for $400 to Net income was unchanged establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1 $135 for janitorial services $101 for miscellaneous expenses postage expenses of $68, Net income decreased by $34 to Facebook for advertising expense. Counted 576 remaining in the petty cash box May 16 Prepared a company check for $200 to Net income was unchanged 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 postage expenses of $205 business mileage $103.534 to deliver merchandise to a customer, terms FOB destination Net income decreased by May 31 The company decides that the May 16 increase in the fund was too large It reduces the Net income was unchanged fund by $160, leaving a total of $440 In total, net income increased (decreased) by: S 0 Perry 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 company check for $400 to establish the petty cash fund. May 1 Prepared a company check to replenish the fund for the following expenditures made since May 1 2. Paid $135 for Janitorial services. b. Paid $101 for miscellaneous expenses. . Paid postage expenses of $68. 8. Pald 534 to Facebook for advertising expenses . Counted $76 remaining in the petty cash box May 16 Prepared a company check for $200 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. f. Paid postage expenses of $205. Reimbursed the office manager for business mileage, $103. 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 $160, leaving a total of $440

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