The petty cash fund of Guiguinto Company on December 31 is composed of the following:
Coins and currencies: P14,000
Petty cash vouchers:
Gasoline payments: P3,000
Supplies: P1,000
Cash advances to employees: P2,000
Employee's check returned by bank marked NSF: P5,000
Check drawn by the company payable to the order of the petty cash custodian, representing her salary: P20,000
A sheet of paper with names of employees together with contribution for a birthday gift of a co-employee in the amount of P8,000
Total: P53,000
The petty cash ledger account has an imprest balance of P50,000.