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What is the correct amount of petty cash fund

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Question - Upon examination of the petty cash fund of Maverick Company on January 3, 2020, the following items were found: Total bills and coins - P1,825; Certified check of general manager dated December 15, 2019 - P1,500; Petty cash voucher (PCV) for postage stamps - P280; PCV for supplies - P650; PCV for IOU of employee - P500; Company check representing replenishment of petty cash fund - P5,150; Unused postage stamps - P120; An envelope containing contributions of employees for the death of a fellow employee (contents intact) - P3,000. The petty cash fund was established for an amount of P10,000. What is the correct amount of petty cash fund at December 31, 2019?

Reference no: EM132540115

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