Nickleson Company had an unadjusted cash balance of $5,913 as of May 31. The company's bank statement, also dated May 31, included a $53 NSF check written by one of Nickleson's customers. There were $1,393 in outstanding checks and $210 in deposits in transit as of May 31. According to the bank statement, service charges were $80, and the bank collected an $650 note receivable for Nickleson. The bank statement also showed $11 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 M

Nickleson Company had an unadjusted cash balance of $5,913 as of May 31 . The company's bank statement, also dated May 31. included a \$53 NSF check written by one of Nickleson's customers. There were $1,393 in outstanding checks and $210 in deposits in transit as of May 31. According to the bank statement, service charges were $80, and the bank collected an $650 note recelvable for Nickleson. The bank statement also showed $11 of interest revenue eamed 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 deternirne the truc balance)