Nickleson Company had an unadjusted cash balance of \$8,948 as of May 31. The company's bank statement, also dated May 31 , included an NSF check in the amount of $61 written by one of Nickleson's customers. There were $829 in outstanding checks and $270 in deposits in transit as of May 31 . According to the bank statement, service charges were $30, and the bank collected a note receivable of $650 for Nickleson. The bank statement also showed $10 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.)