q48

What is the correct amount of petty cash fund as of December 31,2019? O P 15,000 O P 5,000 O P 9,000 P 11,000The cash account of JKL Company consists of the following on December 31,2019: Cash in bank P 134,500 Petty cash fund (last replenished 11/30/2019) 15,000 Purchasing fund (last replenished 11/30/2019) 35,000 Balance per general ledger P 184,500 It was discovered that: 1. January 7, 2020 replenishment of petty cash fund amounted to P 10,000. The composition of which is as follows: ate supporting documents Nature Amount 2019 Gasoline P 4,500 2019 Miscellaneous 500 2019 Transportation 1,000 2020 Repairs 4,000 2. The January 4,2020 replenishment of the purchasing fund amounting to P 29,000 includes 2019 purchases of indirect materials, P 20,000, to be used in the production process of the company in the year 2020. 3. The following are the bank reconciling items that you noted: - A bank credit memo representing collection by bank from one of JKL's customers, P 58,000. - 2019 issued checks cleared by bank in January 2020, P 52,000