Question: 2 Help Save & Exit Submit H Pyin Nickleson Company had an unadjusted cash balance of $4,986 as of May 31. The company's bank
2 Help Save & Exit Submit H Pyin Nickleson Company had an unadjusted cash balance of $4,986 as of May 31. The company's bank statement, also dated May 31, included a $70 NSF check written by one of Nickleson's customers. There were $804 in outstanding checks and $290 in deposits in transit as of May 31. According to the bank statement, service charges were $65, and the bank collected a $900 note receivable for Nickleson, The bank statement also showed $24 of interest revenue earned by Nickleson. Required 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) True cash beiance Check my work 10 71
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