Nickelson Company had an unadjusted cash balance of $6,743 as of May 31. The company's bank statement, also dated May 31, included a $89 NSF check written by one of Nickelson's customers. There were $917 in outstanding checks and $205 in deposits in transit as of May 31. According to the bank statement, service charges were $40, and the bank collected $500 note recievable for Nickelson. The bank statement also showed $14 of interest revenue earned by nickelson

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.)