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1. How much is the petty cash shortage or overage? Indicate whether shortage or overage? 2. How much is the adjusted balance of petty cash
1. How much is the petty cash shortage or overage? Indicate whether shortage or overage?
2. How much is the adjusted balance of petty cash fund on April 30?
he petty cash fund of Isabel as of April 30 shows the following information: P1,650 Currency Petty cash vouchers: Postage Office supplies expense Transportation and expense Computer repairs Advances to office staff A check drawn by Isabel, payable to the petty cash custodian Postage stamps A check written by an employee, returned by the bank, marked NSF An envelope containing currency of P1,890 for a gift for a retiring employee Total 420 900 340 800 1,500 7,200 300 1,000 1,890 16,000Step by Step Solution
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