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What is the amount of shortage

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Question - The petty cash fund of CHARITY Company has an imprest balance of 20,000. The following items are found in its drawer on December.31, 2016:

Currency and Coins 4,700

Vouchers for expenses during the year:

Office supplies 1,500

Postage stamps 500

Transportation 100 2,100

IOU notes of several employees all dated December 2016 2,500

Unused postage stamps 100

Replenishment check drawn by the Co., payable

To the order of petty cash custodian 1,500

Check received from customer representing sales

For the month of December 1,700

Check received from Polite, an officer, dated

December 30, 2016 2,000

Envelope containing contributions from

Employees for field trip in star city 5,000

Required - What is the amount of shortage/ overage?

a. 400 short

b. 400 over

c. 7,200 short

d. 7,200 over

Reference no: EM132768957

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