The following cash count sheet and additional information pertain to the accounts of ABC Corp for the year ended December 31, 2019.

Cash Count Date: December 16, 2019.

Currency-Details Omitted 4,800

Unreplenished petty cash vouchers

Voucher Date Explanation Amount

11/20/2019 Postage Stamps 100

12/04/2019 Repair of typewriter 150

12/12/2019 Transportation 60

12/15/2019 Office Supplies 90 400

Advances-all properly approved 500

Total Amount Counted 5,750

Accountability:

Petty Cash Fund 1,000

Undeposited Collections 4,900

Total Accountability 5,900

Shortage 150

Additional Information:

1. The last replenishment of the fund was made on December 14, 2019 covering the periods from December 1 to 14, 2019.

1. Found inside the cash box were two pay envelopes which had been opened and the contents aggregating P240 removed. The face of the envelope bore the notation "unclaimed".

Required: Compute the amount of cash shortage/overage and show the journal entry to adjust petty cash fund.