Exercise $6-12$A $($Algo$)$ Determining the true cash balance, starting with the unadjusted book balance LO $6-3$

Nickleson Company had an unadjusted cash balance of $$5,769$ as of May $31.$ The company's bank statement, also dated May $31,$ included an NSF check in the amount of $$55$ written by one of Nickleson's customers. There were $$915$ in outstanding checks and $$210$ in deposits in transit as of May $31.$ According to the bank statement, service charges were $$40,$ and the bank collected a note receivable of $$1,100$ 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.$)$