Indicate the impact each transaction had on net income. Decreases to net income should be indicated with a minus sign. Dates: May 01 to: May 31 Amount of increase Transaction Impact transaction has on...

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Extracted text: Indicate the impact each transaction had on net income. Decreases to net income should be indicated with a minus sign. Dates: May 01 to: May 31 Amount of increase Transaction Impact transaction has on income: (decrease) May 1) Prepared a company check for $350 to establish the petty cash fund. Net income was unchanged $ May 15) Prepared a company check to replenish the fund for the following expenditures made since May 1: $109 for janitorial services, $82 for miscellaneous expenses, postage expenses of $54, $27 to Facebook for advertising expense. Counted $89 remaining in the petty cash box. Net income decreased by: May 16 Prepared a company check for $150 to increase the fund to $500. Net income was unchanged May 31 The petty cashier reports that $200 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 $172, business mileage, $86, $28 to deliver merchandise to a customer, terms FOB destination. Net income decreased by: 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 $380. Net income was unchanged In total, net income increased (decreased) by: $