A B 1 Jackson Company had the following transactions during the month of July: 3 1. The unadjusted balance per the bank statement on July 31 was $64,854. 4 2. Deposits in transit on July 31 were $3,205 5 3. A debit memo was included with the bank statement for a service charge of $5. 6 4. A $3,710 check written in July had not been paid by the bank. 7 5. The bank statement included a $250 credit memo for the collection of a note. The principal of the 8 note was $200, and the interest collected was $50. 10 Required: 11 Determine the true cash balance as of July 31. (Hint: It is not necessary to use all of the preceding 12 items to determine the true balance.) 13 14 True cash balance 15 16