As of May 31, Year 1, the bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350. The following information is available:
1. Deposit in transit: $6,981.
2. Credit memo in bank statement for interest earned in May: $36.
3. Outstanding check: $5,720.
4. Debit memo for service charge: $25.

Required
Determine the true cash balance by preparing a bank reconciliation as of May 31, Year 1, using the preceding information.