The following information is available for Stone Company for the month of August:

1. The unadjusted balance per the bank statement on August 31 was \($56,300\) .

2. Deposits in transit on August 31 were \($2,600\) .

3. A debit memo was included with the bank statement for a service charge of \($20\) .

4. A \($4,925\) check written in August had not been paid by the bank.

5. The bank statement included a \($1,000\) credit memo for the collection of a note. The principal of the note was \($950\), and the interest collected was \($50\) .

Required:

Determine the true cash balance as of August 31.