Check my work GLO601-Based on Problem 6-2A LO P2 Gonzalez 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 $500 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 $173 for janitorial services. b, Paid $130 for miscellaneous expenses. c. Paid postage expenses of $87 d. Paid $43 to The County Gazette (the local newspaper) for an advertisement. e. Counted $75 remaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $700. May 31 The petty cashier reports that $280 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 $246. g. Reimbursed the office manager for business mileage, $123. h. Paid $41 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 $540. Genera Ledger Trial Balance Impact on General Journal tab- Prepare the necessary journal entries. General Ledger and Trial balance tabs -Review the general ledger and trial balance tabs. Impact on Net Income tab- Calculate the impact each entry had on net income, if any General Journal Prev1 of 1! Next