Question: Quantity Dairy gathered the following reconciling information in preparing its December bank reconciliation.
| Cash balance per books, 12/31 |
$8,500 |
| Deposits-in-transit |
$1,000 |
| Balance per bank statement |
$7,900 |
| Bank service charge |
$ 25 |
| Outstanding checks |
$1,400 |
| Customer NSF check returned |
$ 500 |
| A check correctly written for $1,500 for payment on account was recorded in the journal for $1,025. |
? |
The amount of cash that should be reported on the December 31 balance sheet is.