What is the correct amount of petty cash fund for statement presentation purpose? 3,300 Timex Company reported petty cash fund which comprised the following: Coins and currency Paid vouchers: Transportation 600 Gasoline 400 Office supplies 500 Postage stamps 300 Due from employees 1.200 Manager's check returned by bank marked "NSF" Check drawn by petty cash custodian What is the correct amount of petty cash fund for statement presentation purpose? O a 10,000 3,000 1,000 2,700 O b.7,000 O c. 6,000 Od 9,000 What is the Cash in bank balance on December 31,2019? Cash in bank balance of William Co. on January 1, 2019 was P70,000 representing 35% pald-up capital of its authorized share capital of P200,000. During the year you ascertained the following posting to some accounts, as follows: Debit Credit Petty cash fund P 2,000 Accounts receivable-trade 450,000 P 290,000 Subscription receivable 60,000 50,000 Delivery equipment 50,000 Accounts payable-trade 280,000 430,000 Bank loan 35,000 80,000 Accrued expenses 1,500 Subscribed share capital 60,000 Unissued share capital 130,000 Authorized share capital 200,000 Sales 450,000 Purchases 430,000 Expenses (including depreciation of P5,000 and accrued expenses of 90,000 P1,500) Cash in bank balance at December 31.2019 is O a. 41,500 O b. 33,000 C. 34,500 O d. 39,500