The adjustment to correct petty cash fund involves a debit or credit to petty cash fund at what amount(put Debit and Credit)?
What is the adjusted petty cash fund as of December 31, 2014?
Extracted text: Vouchers and IOUs Date 1/2/15 12/20/14 12/23/14 12/27/14 Paid to Amount (Php) PNR – Transportation expense Post Office - postage stamps Itallian Village - Christmas party . Dio- IOU 35 150 6,290 300 Others 1. Cash sales invoices Php 100,500, all currencies No. 17900 to 18212 2. Official Receipts Number Amount (Php) Form of Collection 31250 560 Cash 31251 12,505 Check 31252 1,202 Cash 31253 11,290 Check 31254 13,350 Check 3. Stamps of various denomination amounted to Php80 4. A notation on a sheet of paper as follows: (Proceeds from employee contribution for Christmas Party, Php 9,600.) 5. Petty cash per ledger, Php15,000.
Extracted text: PCF Company General and Petty Cash Count Audit Year: 2014 Date of count – January 5, 2015 Bills and coins Denomination 500php Bundles of 100 pcs Rolls of 50 coins Loose 1 9 100 2 27 50 3 5 20 4 10 10 5 6 4 1 10 30 0.25 40 16 Checks Maker Payee PCF Company PCF Company PCF Company PCF Company АВС Со Cash Date Amount 13,350 php 12/21/14 12/26/14 1/2/15 12/30/14 12/27/14 1/5/15 12/29/15 Customer 1 Customer 2 12,500 Customer 3 5,700 Customer 4 11,290 PCF Company Mendoza – Officer 14,500 310 O. Campo* Cash 260