Nickleson Company had an unadjusted cash balance of $3,728 as of May 31, The company's bank statement , alto dared May 30 included a $89 NScheck witten by one of Nickleson's customers. There were s1099 in outstanding checks and $215 in deposts in transit as of May 31. According to the bank statement, service charges were 545, ond the bank collected an $1.400 note receivable for Nickleson The bank statement also showed $16 of interest revenue earned by Nickleson Required Determine the true cosh balance as of May 31 (Hint: it is not necessary to use all of the preceding terms to determine the true balonce) True cash balance