. . The transactions related to the petty cash fund of Colt Company for the year 2020 are as follows: On November 1, 2020, a petty cash fund was set up in the amount of P4,200. . On November 26, 2020, a check was issued to replenish the fund, the composition of which is as follows. . Currency - bills and coins, P324 Vouchers showing expenditures for: Office supplies, P671 Charges from purchased of raw materials (Freight-in), P457 Repairs and maintenance, P1,099 Miscellaneous expense, P1,583 On December 12, 2020, the fund was replenished and correspondingly increased to P5,800; its composition included the following Currency - bills and coins, P406 Vouchers showing expenditures for: Accounts payable, P1.642 . Wages paid to casual employees, P970 . Miscellaneous expense, P1.151 The petty cash fund was not yet replenished on December 31, 2020, and the count of the fund reveals the following: Currency - bills and coins, P593 Vouchers showing expenditures for: Transportation expense, P728 Accounts payable, P1,249 Wages paid to casual employees, P485 Store supplies, P969 Miscellaneous expense, P1,827 Requirements: Prepare the journal entries for each transaction related to petty cash fund under imprest system. What is the cash shortage or overage for the year 2020