1. White Company gathered the following in preparing its December bank reconciliation:

Cash balance per books, 12/31	$5,300
Deposits-in-transit	900
Balance per bank statement	4,800
Bank service charges	20
Outstanding checks	300
EFT receipt from customer on account	200
Customer NSF check returned	50
A check correctly written for $630 for payment on account was recorded in the journal for $600	?

The amount of cash that should be reported on the December 31 balance sheet is:

1. $4,200
2. $5,400
3. $5,430
4. $5,900