Nickleson Company had an unadjusted cash balance of $5,981 as of May 31 . The company's bank statement, also dated May 31 , included a \$93 NSF check written by one of Nickleson's customers. There were $1,443 in outstanding checks and $235 in deposits in transit as of May 31. According to the bank statement, service charges were $70, and the bank collected a $600 note recelvable for Nickleson. The bank statement also showed $16 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.)