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Trask Corporation's checkbook balance on December 31, 2001 was P8,000. In addition, Trask held the following items in its safe on December 31: Check
Trask Corporation's checkbook balance on December 31, 2001 was P8,000. In addition, Trask held the following items in its safe on December 31: Check payable to Trask Corporation, dated January 2, 2002, not included in December 31 P2,000 checkbook balance Check payable to Trask Corporation, deposited on December 20 and included in the December 31 checkbook balance but returned by the bank on December 30, stamped "NSF." The check was redeposited on Jan. 2, 2002 and cleared on Jan. 7 Post-dated checks not reflected in the checkbook balance Check drawn on Trask Corporation's account, payable to a vendor, dated and recorded December 31, but not mailed until January 15, 2002, deducted from checkbook balance The proper amount to be shown as cash on Trask's balance sheet at December 31, 2001, is? 400 150 1,000
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