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Perry Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in . Ray 1 Prepared a company check for $400 to establish the petty cash fund. May 15 Prepared company check to replenish the fund for the following expenditures made since May 1. # Paid $135 for janitorial services. b. Paid $101 for miscellaneous expenses. . Paid postage expenses of $68. d. Pald 534 to Facebook for advertising expenses .. Counted $76 remaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $600. May 31 The petty cashier reports that $240 cash remains in the fund. A company check to drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $205. 2. Reimbursed the office manager for business mileage, $103. h. Paid $34 to deliver merchandise to a customer, terns 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. Impact transaction has on income: Amount of increase (decrease) 0 $ Net income was unchanged Transaction May 1) Prepared a company check for $400 to establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $135 for janitorial services, $101 for miscellaneous expenses postage expenses of $68, $34 to Facebook for advertising expense Counted $76 remaining in the petty cash box May 16 Prepared a company check for $200 to increase the fund to $600 Net income decreased by > 414 X 0 Net income was unchanged > > 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, S103 $34 to deliver merchandise to a customer, terms FOB destination Net income decreased by > 342 X 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 0 Net income was unchanged In total, net income increased (decreased) by: 756 to: Ma Dates: May 01 Amount of increase (decrease) Impact transaction has on income: Transaction Net income was unchanged 324 May 1) Prepared a company check for $400 to establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1 $135 for janitorial services, 5101 for miscellaneous expenses postage expenses of $68. $34 to Facebook for advertising expense Counted $76 remaining in the petty cash box May 16 Prepared a company check for $200 to increase the fund to $600. Net income decreased by Net income was unchanged 0 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 5103 $34 to deliver merchandise to a customer terms FOB destination Net income decreased by 360 May 31 The company decides that the May 16 increase in the fund was too large. It reduces Net income was unchanged the fund by 5160, leaving a total of $440 In total, net income increased (decreased) by: 0 684 Perry Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in . Ray 1 Prepared a company check for $400 to establish the petty cash fund. May 15 Prepared company check to replenish the fund for the following expenditures made since May 1. # Paid $135 for janitorial services. b. Paid $101 for miscellaneous expenses. . Paid postage expenses of $68. d. Pald 534 to Facebook for advertising expenses .. Counted $76 remaining in the petty cash box. May 16 Prepared a company check for $200 to increase the fund to $600. May 31 The petty cashier reports that $240 cash remains in the fund. A company check to drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $205. 2. Reimbursed the office manager for business mileage, $103. h. Paid $34 to deliver merchandise to a customer, terns 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. Impact transaction has on income: Amount of increase (decrease) 0 $ Net income was unchanged Transaction May 1) Prepared a company check for $400 to establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $135 for janitorial services, $101 for miscellaneous expenses postage expenses of $68, $34 to Facebook for advertising expense Counted $76 remaining in the petty cash box May 16 Prepared a company check for $200 to increase the fund to $600 Net income decreased by > 414 X 0 Net income was unchanged > > 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, S103 $34 to deliver merchandise to a customer, terms FOB destination Net income decreased by > 342 X 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 0 Net income was unchanged In total, net income increased (decreased) by: 756 to: Ma Dates: May 01 Amount of increase (decrease) Impact transaction has on income: Transaction Net income was unchanged 324 May 1) Prepared a company check for $400 to establish the petty cash fund May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1 $135 for janitorial services, 5101 for miscellaneous expenses postage expenses of $68. $34 to Facebook for advertising expense Counted $76 remaining in the petty cash box May 16 Prepared a company check for $200 to increase the fund to $600. Net income decreased by Net income was unchanged 0 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 5103 $34 to deliver merchandise to a customer terms FOB destination Net income decreased by 360 May 31 The company decides that the May 16 increase in the fund was too large. It reduces Net income was unchanged the fund by 5160, leaving a total of $440 In total, net income increased (decreased) by: 0 684

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