Exercise 6-12A (Algo) Determining the true cash balance, starting with the unadjusted book balance LO 6-3 Nickleson Company had an unadjusted cash balance of \$7,313 as of May 31. The company's bank statement, also dated May 31, included a $74 NSF check written by one of Nickleson's customers. There were $638 in outstanding checks and $245 in deposits in transit as of May 31. According to the bank statement, service charges were $35, and the bank collected an $1,400 note receivable for Nickleson. The bank statement also showed $10 of interest revenue earned by Nickleson. Required: 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)