Answer format: a. Amount- PHP 10,500 b. Gain/ increase- PHP 10,500 c. Loss/ decrease- (PHP 10,500) d. Debit amount- PHP 10,500- DEBIT e. Credit amount- PHP 10,500- CREDIT f. Shortage or Overage-PHP 10,500- SHORTAGE orPHP 10,500- OVERAGE g. Rate- 10%

Less: Hotel accommodation, meals, etc. P4,500 Bus fare for two 400 Cash given to Carlo, salesman 300 5,200 Balance P1,800 Accounted for as follows: Cash returned by Carlo to the sales manager P120 Personal check of the sales manager 1,680 Total P1,800 Additional information: 1. The custodian is not authorized to cash checks 2. The last official receipt included in the deposit on December 30 is No. 4351 and the last official receipt issued for the current year is No. 4355. The following official receipts are all dated December 31,2020. OR No. Amount Form of Payment 4352 P13,600 Cash 4353 17,800 Check 4354 3,600 Cash 4355 8,300 Check 3. The petty cash balance per general ledger is P10,000. The last replenishment of the fund was made on December 22, 2020.In connection with your audit of the financial statements of Regal Corporation for the year ended December 31,2020, you conducted a surprise count of the company's petty cash and undeposited collections at 9:10 am January 3, 2021. Your count disclosed the following: Bills and counts Bills Coins P100.00 5 pieces P1.00 205 pieces 50.00 40 pieces 0.50 162 pieces 20.00 35 pieces 0.25 32 pieces 10.00 27 pieces Postage stamps(unused)- P365 Checks Date Payee Maker Amount Dec 30 Cash Custodian P 1,200 Dec 30 Reyes Corp Karren Inc 14,000 Dec 31 Reyes Corp Sherryl, sales manager 1,680 Dec 31 Reyes Corp Victor Corp 17,800 Dec 31 Reyes Corp Ma. Karen Inc 8,300 Dec 31 Marry Corp Reyes Corp 27,000 (not endorsed) Unreimbursed vouchers Date Payee Description Amount Dec 23 Sheryl,sales manager Advance for trip P7,000 Dec 28 Post office Postage stamps 1,620 Dec 29 Messengers Transportation 150 Dec 29 Ace Inc Computer repair Other items found inside the cash box: 1. Unclaimed pay envelope of Janette. Indicated on the pay slip is his net salary of P7,500. Your inquiry revealed that Jeanette's salary is mingled with the petty cash fund. 2. The sales manager's liquidation report for this Baguio Trip. Cash Advance received on Dec 23 P7,000