The following information is available for Young Company for the month of August:
1. The unadjusted balance per the bank statement on August 31 was $35,200.
2. Deposits in transit on August 31 were $3,750.
3. A debit memo was included with the bank statement for a service charge of $35.
4. A $2,120 check written in August had not been paid by the bank.
5. The bank statement included a $1,550 credit memo for the collection of a note. The principal of the note was $1,500, and the interest collected was $50.

Required
Determine the true cash balance as of August 31.