Nickleson Company had an unadjusted cash balance of $6,558 as of May 31. The company’s bank statement, also dated May 31, included a $86 NSF check written by one of Nickleson’s customers. There were $1,223 in outstanding checks and $240 in deposits in transit as of May 31. According to the bank statement, service charges were $85, and the bank collected an $1,050 note receivable for Nickleson. The bank statement also showed $18 of interest revenue earned by Nickleson.
Required
Determine the true cash balance as of May 31.