In connection with the audit of the financial statements of Rupee Company for the year

ended December 31, 2015, you performed a surprise count of the petty cash fund and
undeposited collections under the custody of Ms. Jessie at 8:15 a.m. on January 2,
2016. Your count disclosed the following:

Bills and coins

Bills Coins
P100 10 pieces P1.00 410 pieces
50 80 pieces 0.50 324 pieces
20 70 pieces o.25 64 pieces
10 54 pieces

Unused postage stamp – P730

Checks
Date Payee Drawer Amount
Dec. 30 Cash Ms. Jessie P 2,400
Dec. 30 Rupee Company Robert 28,000
Dec. 31 Rupee Company Jay Ar, Sales Manager 3,300
Dec. 31 Rupee Company Francis 35,000
Dec. 31 Rupee Company Ryan 16,600
Dec. 31 German Corp. Rupee Company 54,000

Expense Vouchers
Date Payee Description Amount
Dec. 23 Jay Ar, sales manager Cash advance for trip to
Baguio City P14,000
Dec. 27 Central Post Office Postage stamps 3,200
Dec. 29 Messengers Transportation 300
Dec. 29 PC Express Computer repair 1,600

Other items found inside the cash box:

a. Two pay envelopes which had been opened and the contents aggregating P15,000
representing unclaimed salaries had been removed.
b. The sales manager’s liquidation report for the Baguio trip:

Cash advance received on Dec. 23 P14,000

Less: Hotel accommodation P9,000
Bus fare for two 800
Cash given to Roy, salesman 600 10,400
 Balance P 3,600

Accounted for as follows:

Cash returned by Roy to the sales manage P 240
Personal check of sales manager 3,360
Total P 3,600

Additional information: