Requirement General Journal General Ledger Transaction May 1) Prepared a company check for $400 to establish the petty cash fund. Trial Balance Indicate the impact each transaction had on net income. Note: Decreases to net income should be indicated with a minus sign. May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $134 for janitorial services, $101 for miscellaneous expenses, postage expenses of $67, $33 to Facebook for advertising expense. 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: postage expenses of $208, business mileage, $104, $34 to deliver merchandise to a customer, terms FOB destination. Impact on Income 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. Impact transaction has on income: Net income was unchanged Net income decreased by: Net income was unchanged Net income decreased by: Net income was unchanged Dates: April 30 Amount of increase (decrease) In total, net income increased (decreased) by: $ Prev 1 of 1 0 --- to: April 30 Next

Indicate the impact each transaction had on net income. Note: Decreases to net income should be indicated with a minus sign