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MMLU / Rune Co.'s checkbook balance on December 31 was …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Rune Co.'s checkbook balance on December 31 was 10000.OnthatdateRuneheldthefollowingitemsinitssafe:10000. On that date Rune held the following items in its safe: 4000 check payable to Rune postdated January 3 and not included in the December 31 checkbook balance in collection of a sale made in December. $1000 check payable to Rune deposited December 15 and included in the December 31 checkbook balance but returned by the bank on December 30 stamped "NSF". The check was redeposited on January 2 and cleared on January 9. What amount should Rune report as cash in its December 31 balance sheet?
Plain-text mathematical notation (without MathML)
Rune Co.'s checkbook balance on December 31 was 10000.OnthatdateRuneheldthefollowingitemsinitssafe:4000 check payable to Rune postdated January 3 and not included in the December 31 checkbook balance in collection of a sale made in December. $1000 check payable to Rune deposited December 15 and included in the December 31 checkbook balance but returned by the bank on December 30 stamped "NSF". The check was redeposited on January 2 and cleared on January 9. What amount should Rune report as cash in its December 31 balance sheet?
Original LaTeX notation
Rune Co.'s checkbook balance on December 31 was $10000. On that date Rune held the following items in its safe: $4000 check payable to Rune postdated January 3 and not included in the December 31 checkbook balance in collection of a sale made in December. $1000 check payable to Rune deposited December 15 and included in the December 31 checkbook balance but returned by the bank on December 30 stamped "NSF". The check was redeposited on January 2 and cleared on January 9. What amount should Rune report as cash in its December 31 balance sheet?

choices

  1. $9,000
  2. $10,000
  3. $13,000
  4. 14000

subject

professional_accounting

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Source and history

task_id
6ed1b391-d237-511f-b0a8-9cce5229f054
task_key
all--test--6ed1b391-d237-511f-b0a8-9cce5229f054
task_revision_id
1
config / split
all / test

Official source

initial import