Nickleson Company had an unadjusted cash balance of $5,798 as of May 31 . The company's bank statement, also dated May 31 , included a $71 NSF check written by one of Nickleson's customers. There were $774 in outstanding checks and $230 in deposits in transit as of May 31. According to the bank statement, service charges were $35, and the bank collected a $600 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.)