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Nickleson Company had an unadjusted cash balance of $9,841 as of May 31. The companys bank statement, also dated May 31, included a $64 NSF

Nickleson Company had an unadjusted cash balance of $9,841 as of May 31. The companys bank statement, also dated May 31, included a $64 NSF check written by one of Nicklesons customers. There were $640 in outstanding checks and $200 in deposits in transit as of May 31. According to the bank statement, service charges were $85, and the bank collected an $800 note receivable for Nickleson. The bank statement also showed $9 of interest revenue earned by Nickleson. 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.)

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