Nickleson Company had an unadjusted cash balance of $5,013 as of May 31. The company's bank statement, also dated May 31, Included an NSF check in the amount of $51 written by one of Nickleson's customers. There were $303 in outstanding checks and $260 in deposits in transit as of May 31. According to the bank statement, service charges were $60, and the bank collected a note receivable of $900 for Nickleson. The bank statement also showed $17 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