Question: Hi, I need help with may 15 answer and May 31 only. The rest are fine. you will notice where I wrote (input answer on

Hi, I need help with may 15 answer and May 31 only. The rest are fine. you will notice where I wrote (input answer on the table.

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

Transaction

Impact transaction has on income:

Amount of increase (decrease)

May 1) Prepared a company check for $450 to establish the petty cash fund.

Net income was unchanged

not attempted

May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $150 for janitorial services, $113 for miscellaneous expenses, postage expenses of $75, $38 to Facebook for advertising expense. Counted $88 remaining in the petty cash box.

Net income decreased by:

Input answer

May 16 Prepared a company check for $150 to increase the fund to $600.

Net income was unchanged

not attempted

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 $205, business mileage, $103, $34 to deliver merchandise to a customer, terms FOB destination.

Net income decreased by:

Input answer

May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $120, leaving a total of $480.

Net income was unchanged

not attempted

In total, net income increased (decreased) by:

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