inato is the cashier of Konoha Corporation. As representative of the Jiraiya and Associates,CPAs, you were assigned to verify his cash on hand in the morning of January 3, 2017. You began to count at 9:00 AM in the presence of Minato. In the course of your counting, you found currencies in paper bills and coins together with checks, vouchers, and other Items, which are mentioned below:

Bills (2) P500; (8) P100;(12) P50;(5) P20

Coins P 5.00 11 loose

1.00 24 loose

0.25 5 rolls and 32 loose (50 pieces to a roll)

0.10 10 rolls and 15 loose (50 pieces to a roll)

0.05 14 rolls and 20 loose (40 pieces to a roll)

CheckS

Date Maker Payee Amount

12/22/16 Tsunade,Asst. Mgr. Konoha Corp. 6,000

12/26/16 Kushina, Cashier Konoha Corp. 4,000

IOUs

Date Maker amount

12/20/16 Guy, Janitor 500

12/22/16 Kakashi,cleric 750

12/24/16 Naruto,bookkeepeR 500

PETTY CASH VOUCHERS FOR REPLENISHMENT

DatePayeeAccounts Charged Amount

12/16/16 Sasuke, MessengerAdvances to employees 1,000

12/17/16 Sakura and CoSupplies 545

12/18/16Lee LinerFreight In 982.50

12/18/16Posts OfficeSupplies 300

12/20/16 Itachi, CarpenterRepairs 2950

12/21/16ObitoMiscellaneous expense 554

Your Investigation also disclosed the following:

1.The balance or petty cash fund per books is P20,000.00.

2.Cash sale of January 2, 2017 amounted to P8,650 per sales records, while cash receipts book and bank deposit slip showed that only P7,650 was deposited in the bank on January 3, 2017

3.The following employees' pay envelopes had been opened and the money removed. Each envelope was marked "unclaimed" - Zabuza, P332.50; Ino,P447.50.

Questions:

1. What is the amount of petty cash shortage at December 31, 2016?

2. What is the adjusted petty cash balance at December 31, 2016?

3. What is the undeposited sales/collection at December 31, 2016?