Exercise 4-12 Determining the true cash balance, starting with the unadjusted book balance LO 4-2 Henderson Company had an unadjusted cash balance of $9,500 as of May 31. The company's bank statement also dated May 31, included a 5150 NSF check written by one of Henderson's customers. There were $950 in outstanding checks and $270 in deposits in transit as of May 31. According to the bank statement, service charges were $70, and the bank collected a $800 note receivable for Henderson. The bank statement also showed $18 of interest revenue earned by Henderson. Required Determine the true cash balance as of May 31. (Hint It is not necessary to use all of the preceding items to determine the true balance.) rue