Nickleson Company had an unadjusted cash balance of $$9,114$ as of May $31.$ The

company's bank statement, also dated May $31,$ included an NSF check in the amount

of $$93$ written by one of Nickleson's customers. There were $$433$ in outstanding

checks and $$280$ in deposits in transit as of May $31.$ According to the bank statement,

service charges were $$45,$ and the bank collected a note receivable of $$700$ for

Nickleson. The bank statement also showed $$9$ 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.$)$

$\backslash$table$[[$True cash balance $,$$$,9,689$