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ABC Company had the following transactions for the month of June: June 1- Established the petty cash fund with an imprest balance of P30,000 by
ABC Company had the following transactions for the month of June: June 1- Established the petty cash fund with an imprest balance of P30,000 by encashing a check June 5 Paid travel expenses of employees for P7,330 - June 11- Paid freight for documents received amounting to P1,680 June 13- Paid miscellaneous expenses amounting to P14,770 June 20 Paid delivery expenses for outbound documents to government agencies amounting to P950 June 24 Paid P1,500 for employee's birthday cake June 30- Made a cash count which totaled P4,000 and replenished the fund by encashing a check What is the Cash Overage or Shortage on June 30? (positive if overage and negative if shortage)
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