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JAJA Company , provided the following information pertaining to its petty cash fund during the year: The company established a P40,000 petty cash fund on

JAJA Company, provided the following information pertaining to its petty cash fund during the year:

The company established a P40,000 petty cash fund on November 12, 2021.

On November 30, 2021, the PCF was replenished, and the accountant recorded the replenishment as follows:

Various expenses 14,000 Loss on petty cash shortage 1,000 Cash in bank 15,000

At year-end the petty cash fund was not replenished, and the random cash count at December 31, 2021 revealed the following:

Bills and coins 6,000

Paid expense vouchers

Transportation 2,000 Fuel and gasoline 3,000 Office supplies 1,500 IOUs 10,000

Unpaid expense vouchers

Representation fees 9,000 Payment for parking 4,500

Postdated checks of the following:

Company officers 10,000 Petty cash custodian 5,000 Customers 12,000

How much is the (net shortage)/net overage during the year ended December 31, 2021? (If net shortage, use the "-" symbol, if net overage positive sign)

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