2 , Act 1010-10 ream 2 Part2x Get Inbox (185) Part 2 Help Save & Exit Submit Griffin 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 $550 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 $191 for janitorial services. b. Paid $143 for miscellaneous expenses c. Paid postage expenses of $95 d. Paid $48 to The County Gazette (the local newspaper) for an advertisement. e. Counted $87 remaining in the petty cash box. May 16 Prepared a company check for $250 to increase the fund to $8ee. May 31 The petty cashier reports that $320 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 $277. g. Reimbursed the office manager for business mileage, $139 h. Paid $46 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 $200, leaving a total of $680. General Requirement Journal Ledger Trial Balance Impact on Indicate the impact each transaction had on net income. Enter decreases to net income as negative values Prev 1of 711: Next > Dates: May 01 May 1: $191 for remains in the fund. A company check is drawn to the fund for the of $277