diff --git a/CHANGELOG.md b/CHANGELOG.md
index ad61d28..a7e7124 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,17 +6,23 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 
+
+## 2.0.2 - 2024-01-25
+
+### Fixed
+- Fixed a bug in `create_and_install_canister_with_candid()` on application subnets by adding 2T cycles to the 
+canister before installing a Wasm
+
+
 ## 2.0.1 - 2023-11-23
 
 ### Added
 - Support for PocketIC server version 2.0.1
 
-
 ### Changed
 - When the PocketIC binary is not found, the error now points to the PocketIC repo instead of the download link
 
 
-
 ## 2.0.0 - 2023-11-21
 
 ### Added
diff --git a/README.md b/README.md
index 621babf..a77a551 100644
--- a/README.md
+++ b/README.md
@@ -10,17 +10,18 @@ from pocket_ic import PocketIC
 
 pic = PocketIC()
 canister_id = pic.create_canister()
-pic.add_cycles(canister_id, 2_000_000_000_000)
+pic.add_cycles(canister_id, 2_000_000_000_000)  # 2T cycles
+pic.install_code(...)
 
 # make canister calls
-response = pic.update_call(canister_id, method="greeting", ...)
+response = pic.update_call(canister_id, method="greet", ...)
 assert(response == 'Hello, PocketIC!')
 ```
 ... or even directly with a canister object:
 ```python
 my_canister = pic.create_and_install_canister_with_candid(...)
 # call your canister methods with native Python syntax
-respone = my_canister.greeting()
+response = my_canister.greet()
 assert(response == 'Hello, PocketIC!')
 ```
 
diff --git a/pocket_ic/pocket_ic.py b/pocket_ic/pocket_ic.py
index 4f2dc00..c5f1f81 100644
--- a/pocket_ic/pocket_ic.py
+++ b/pocket_ic/pocket_ic.py
@@ -407,16 +407,17 @@ def create_and_install_canister_with_candid(
         self,
         candid: str,
         wasm_module: bytes,
-        init_args: dict,
+        init_args: Optional[dict] = None,
         subnet: Optional[ic.Principal] = None,
     ) -> ic.Canister:
-        """Creates a canister, installs the provided WASM with the given init arguments. Returns a canister object.
-        For an example on how to use the canister object, see `/examples/ledger_canister_test.py`.
+        """Creates a canister, charges it with 2T cycles and installs the provided WASM with the given init arguments.
+        Returns a canister object. For an example on how to use the canister object,
+        see `/examples/ledger_canister/ledger_canister_test.py`.
 
         Args:
             candid (str): a valid candid file describing the canister interface
             wasm_module (bytes): the canister wasm as bytes
-            init_args (dict): the init args as required by the candid file
+            init_args (Optional[dict], optional): the init args as required by the candid file, defaults to `None`
             subnet (Optional[ic.Principal], optional): optional subnet ID where to install the
                 canister, defaults to `None`
 
@@ -436,7 +437,8 @@ def create_and_install_canister_with_candid(
             arg = [{"type": canister_arguments[0], "value": init_args}]
         else:
             raise ValueError("The candid file appears to be malformed")
-
+        
+        self.add_cycles(canister_id, 2_000_000_000_000)
         self.install_code(canister_id, wasm_module, arg)
         return canister
 
diff --git a/pyproject.toml b/pyproject.toml
index dce00ce..650f0d8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pocket_ic"
-version = "2.0.1"
+version = "2.0.2"
 description = "PocketIC: A Canister Smart Contract Testing Platform"
 authors = [
     "The Internet Computer Project Developers <dept-testing_&_verification@dfinity.org>",