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Question 1: How much is the petty cash shortage as of January 5, 2020 Question 2: The adjustment to correct petty cash fund involves a

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Question 1: How much is the petty cash shortage as of January 5, 2020

Question 2: The adjustment to correct petty cash fund involves a credit to petty cash fund at:

Question 3: What is the adjusted petty cash fund as of December 31, 2019?

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Vouchers and IOUs Paid to Date Amount PNR - Transportation 1/5/2020 35 Expense Post Office - postage 12/20/2019 150 stamps Italian Village - Christmas Party 12/23/2019 6,290 1. DiQ - IOU 12/27/2019 300 Others Cash sales invoices (all currencies No. 17903 to 18112), P100,500 Official receipts Number Amount Form of Collection 31250 560 Cash 31251 12,505 Check 31252 1,202 Cash 31253 11,920 Check 31254 13,350 Check Stamps of various denomination amounted to P80. A notation on a sheet of paper as follows: "Proceeds from employee contribution for Christmas Party, P9,500. Petty cash ledger, P15,000. Question 1: How much is the petty cash shortage as of January 5, 2020 Question 2: The adjustment to correct petty cash fund involves a credit to petty cash fund at: Question 3: What is the adjusted petty cash fund as of December 31, 2019?COVID Company General and Petty Cash Count Audit Year: 2019 Date of Count: January 5, 2020, 9:10 AM Bills and Coins Denomination Bundles of 100 pcs Rolls of 50 Coins Loose 500 1 9 100 2 27 50 5 20 5 4 10 10 5 6 4 1 10 20 25 40 16 Checks Maker Payee Date Amount T. Otis - Customer STAYSAFE 12/30/2019 11,920 R. Eyes - Customer STAYSAFE 12/26/2019 12,505 O. Liever - Customer STAYSAFE 1/2/2020 5,707 F. Rancisco - Customer STAYSAFE 12/21/2019 13,350 STAYSAFE ABC Co. 12/27/2019 14,500 M. Doza - Officer Cash 1/5/2020 310 O. Campo * Cash 12/19/2020 260 * Amount is for a return of travel advance made to the employee in an earlier period

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