STRAIGHT PROBLEMS Problem 5 Computation of Petty Cash Fund Balance and Shortages or Overages Presented below are a series of unrelated situations. Answer the following questions relating to each of the independent situations as requested. Situation 1: A count of the undeposited receipts under the custody of Nina Cao, cashier of Tahiti Corporation, on September 30, 2020, showed the following composition of the total per count of P 20,310: Coins and currency 12,310 Unused Postage Stamps 220 Checks: Date Payee Drawee 9/24/2020 Cash Nina Cap 1,000 9/20/2020 Tahiti Corporation Micronesia Corporation 2,350 9/27/2020 Tahiti Corporation Tino Pac 1,960 9/30/2020 Maynilad Micronesia Corporation 900 Cash advance voucher paid out of receipts 1,500 Question: Assuming the cashier's accountability to be P 18,470, what was the amount of overage/shortage on September 30, 2020? Situation 2: A count of the undeposited receipts under the custody of Tina Cot, the cashier of Kenya Corporation, at the close of business September 30, 2020, showed the following composition: Coins and currency 3,950 Unused Postage Stamps 60 Checks: Date Payee Drawee 9/30/2020 Kenya Corporation Africa Corporation 1.300 9/29/2020 Kenya Corporation Europe Corporation 750 9/27/2020 PLDT Kenya Corporation 750 Total per count 6,810 Question: Assuming the cashier's accountability to be P 6,500, what is the amount of the cash shortage on September 30, 2020? Situation 3: Your count of the undeposited receipts under the custody of the cashier of Abaca Company on September 30, 2020 showed the following: 4.950 90 Coins and currency Unused Postage Stamps Checks: Date Payee Drawee non 2020 showed the following: 4,950 90 Coins and currency Unused Postage Stamps Checks: Date Payee Drawee 9/25/2020 Abaca Company Exporter Corporation 9/28/2020 Abaca Company Manda Rambong 9/30/2020 Meralco Abaca Company Travel expense vouhcer paid out of cash receipts Total per count 1,200 900 1,050 600 8.790 Question: Assume the cashier's accountability to be P8,500, what was the amount of cash overage/shortage on September 30, 2020? Situation 4: A count of the petty cash fund showed its composition as follows: 3.300 Situation 4 A count of the petty cash fund showed its composition as follows: Coins and currency Paid Vouchers: Transportation Gasoline Office Supplies Postage Stamps Due from employees Manager's check retumed by bank marked "NSF" Check drawn by the company to the order of the petty cash custodian 600 400 500 300 1,200 3,000 5,000 2,700 Question: What amount of the petty cash fund for statement of financial position purposes