Exercise 6-12A (Algo) Determining the true cash balance, starting with the unadjusted book balance LO 63 Nickleson Company had an unadjusted cash balance of $10,192 as of May 31. The company's bank statement, also dated May 31. Included a $59 NSF check. written by one of Nickleson's customers. There were $655 in outstanding checks and $200 in deposits in transit as of May 31. According to the bank statement, service charges were $25, and the bank collected an $800 note receivable for Nickleson. The bank statement also showed $21 of interest revenue earned by Nickleson. 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.)