Turner Co set up a petty cash fund for payments of small amounts. The following transactions involving the retty hundred in May May 1 Prepared a company check for 1400 to establish the petty cash Tund. May 15 Prepared a company check to replenish the fund for the following expenditures sade since May 1 a. Paid 5137 for janitorial services. b. Paid 5103 for miscellaneous expenses C. Paid postage expenses of $68. d. Paid 534 to Facebook for advertising expense. e. Counted 566 remaining in the petty cash box May 16 Prepared a company check for $200 to increase the fund to 5600 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 nade since May 15. f. Paid postage expenses of $210, 9. Reimbursed the office manager for business mileage, 5105. h. Paid $35 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. Le total of 5440. educes they w Requirement General Journal General Ledger Trial Balance Impact on Income Indicate the impact each transaction had on net income. Decreases to net income should be indicated with minus sign. to: May 31 Dates: May 01 Amount of increase (decrease) Transaction Impact transaction has on income: May 1) Prepared a company check for $400 to establish the petty cash fund Net income was unchanged May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $137 for janitorial services, 5103 for Net income decreased by: miscellaneous expenses, postage expenses of $68, $34 to Facebook for advertising expense. Counted $66 remaining in the petty cash box May 16 Prepared a company check for $200 to Net income was unchanged increase the fund to $600. 362 300 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 Net income decreased by made since May 15: postage expenses of $210, business mileage, $105, 35 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: $ 722 Trial Balance met en com