Perry 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 $400 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 $135 for janitorial services. May 15 b. Paid $101 for miscellaneous expenses. ok May 15 c. Paid postage expenses of $68. May 15 d. Paid $34 to Facebook for, advertising expense. May 15 e. Counted $76 remaining in the petty cash box. nt ences 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. 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 $160, leaving a total of $440. Requirement General Journal General Ledger Impact on Tnal Balance Income Prepare the journal entries for each of the petty cash transactions. View transaction list Journal entry worksheet Journal entry worksheet < 1 2 3 4 5 Prepared a company check for $200 to increase the fund to $600. Note: Enter debits before credits. Date May 16 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 "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, reimbursed the office manager for business mileage, $103; and $34 to deliver merchandise to a customer, terms FOB destination. Note: Enter debits before credits. > Date May 31 Account Title Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 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. Note: Enter debits before credits. Date May 31 Account Title Debit Credit Record entry Clear entry View general journal > See how your entries updated the account balances. Dates: April 30 to: April 30 General Ledger Account Balance No. 3,915 Date April 30 Petty cash Debit Credit Balance 0 400 3,515 May 01 400 400 324 3,191 Cash No. Date Debit Credit April 30 1 May 01 2 May 15 33 Merchandise inventory No. Date Debit Credit Balance No. April 30 5,500 Date April 30 Common stock Debit Credit Balance 2,900 Service revenue Janitorial expenses 9M No. Date Debit Credit Balance No. April 30 13,000 Date April 30 Debit Credit Balance 2 May 15 135 550 685 Insurance expense Rent expense No. Date: April 30 Debit Credit Balance No. 1,560 Date April 30 Debit Credit Balance 2.640 No. Date Postage expenses Debit Miscellaneous expenses Credit Balance No. Date: Debit Credit Balance Service revenue No. Date Debit April 30 Janitorial expenses Credit Balance No. Date Debit 13,000 April 30 2 May 15 135 Credit Balance 550 685 Rent expense Credit Balance No. Date Debit Credit Balance 1,560 April 30 2,640 Insurance expense No. Date Debit April 30 Postage expenses Miscellaneous expenses No. Date April 30 Debit Credit Balance No. Date Debit 250 April 30 2 May 15 68 4 318 2 May 15 101 Credit Balance 800 901 Mileage expense Advertising expense No. Date Debit Credit Balance No. Date Debit Credit Balance April 30 90 April 30 420 2 May 15 34 454 Cash over and short Delivery expense No. Date April 30 4 2 May 15 Debit Credit Balance No. Date Debit Credit Balance 0 April 30 175 14. (14) < General Journal Trial Balance > 44444444444444 Cash Petty cash Merchandise inventory Common stock Service revenue Janitorial expenses Insurance expense Rent expense: Postage expenses Miscellaneous expenses Mileage expense Advertising expense Cash over and short Delivery expense Total Account Title Perry Company Trial Balance April 30, 2023 Dates: April 30 to: April 30 Debit $ 3,191 Credit 400 5,500 2,900 685 1,560 2,640 13,000 318 901 90 454 14 175 15,914 S 15,914 General Requirement Journal General Ledger Trial Balance Impact on Income Indicate the impact each transaction had on net income. Note: Decreases to net income should be indicated with a minus sign. Impact transaction has on income: Dates: April 30 Amount of increase (decrease) to: April 30 Transaction May 1) Prepared a company check for $400 to establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since i May 1. $135 for janitorial services, $101 for miscellaneous expenses, postage expenses of $68, $34 to Facebook for advertising expense. Counted $76 remaining in the potty 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 postage expenses of $205. business mileage, $103, $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 In total, net income increased (decreased) by: $