GL0601 - Based on Problem 6-2A LO P2 Duerr 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 nade since May 1. a. Paid $188 for janitorial services. b. Paid $141 for miscellaneous expenses. c. Paid postage expenses of $94. d. Paid $48 to Facebook for advertising expense. e. Counted $87 remaining in the petty cash box. May 16 Prepared a company check for $250 to increase the fund to $800. 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 $282. 9. Reimbursed the office manager for business mileage, $141. h. Paid $47 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 $600. Requirement General Journal General Ledger Trial Balance impact on Income Prepare the journal entries for each of the petty cash transactions. View transaction lit View journal entry worksheet Debit No Credit Account Title Date 550 1 May 01 Petty cash View transaction list View journal entry worksheet No Date Account Title Debit Credit 1 May 01 550 Petty cash Cash 550 OOK 2 May 15 188 int 141 94 ences Janitorial expenses Miscellaneous expenses Postage expenses Advertising expense Cash over and short Cash 48 463 3 May 16 250 Petty cash Cash 250 4 May 31 282 141 Postage expenses Mileage expense Delivery expense Cash over and short Cash 47 5 May 31 200 Cash Petty cash 200 Prey 1 of 1 !!! Next Dates: May 01 to: May 31 Duerr Company Trial Balance May 31, 2019 Debit Credit Account Title s 5,442 600 5,300 Cash Petty cash Inventory Duerr, Capital Service revenue 5 2,500 15,000 42 638 1,440 2,400 526 841 Janitorial expenses Insurance expense Rent expense Postage expenses Miscellaneous expenses Mileage expense Advertising expense Delivery expense Total 211 388 192 17.978 $ 17,500 General Ledger Impact on Income > to: May 31 Transaction Dates: May 01 Amount of increase Impact transaction has on income: (decrease) Net income was unchanged 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: $188 for janitorial services, $141 for miscellaneous expenses, postage expenses of $94. Net income decreased by: $48 to Facebook for advertising expense. Counted $87 remaining in the petty cash box May 16 Prepared a company check for $250 to increase the fund to $800. Net income was unchanged 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: postage expenses of $282, Net income decreased by: business mileage, $141, $47 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 Net income was unchanged fund by $200, leaving a total of $600. In total, net income increased (decreased) by: $ 0