Nickleson Company had an unadjusted cash balance of $$4,304$ as of May $31.$ The company's bank statement, also dated May $31,$ included a $$68$ NSF check written by one of Nickleson's customers. There were $$660$ in outstanding checks and $$205$ in deposits in transit as of May $31.$ According to the bank statement, service charges were $$30,$ and the bank collected an $$1,100$ note receivable for Nickleson. The bank statement also showed $$5$ 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.$)$

True cash balance