Nickleson Company had an unadjusted cash balance of $7,454 as of May 31. The company's bank statement, also dated May 31, included an NSF check in the amount of $60 written by one of Nickleson's customers. There were $344 in outstanding checks and $210 in deposits in transit as of May 31. According to the bank statement, service charges were $95, and the bank collected a note receivable of $1,150 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: