AB Ltd. established a petty cash fund for $2,180. It replenishes the fund at the end of each month when financials are p

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AB Ltd. established a petty cash fund for $2,180. It replenishesthe fund at the end of each month when financials are prepared orsooner if required. The company finds that it is replenishing thefund more than once a month so it decides to increase the fundsize by 50%. At the time of this decision there are$1,000 in expense vouchers in the firm, so the firmreplenishes and increases the fund size in the same journalentry.
Required: How much is the cheque written to complete thistransaction? $