The petty cash fund of Ramsy Bee Company (P20,000 of imprest balance) was counted on January 3, 2024. The following items were included:

Total bills and coins - 5,000

Certified check of general manager dated January 2, 2024 - 3,000

Petty cash vouchers not yet replenished:

Postage stamps - 500

Supplies - 1,000

IOUs - 800

Meals and transportation - 400

Company check representing replenishment of petty cash fund - 6,500

Currency in an envelope containing contributions of employees for the death of a fellow employee (total collection is P6,000) - 5,000

Question 1: What is the correct PCF as of December 31, 2023?

Question 2: What is the amount of shortage or overage in PCF as of the date of count?