The following information is available for Marble Company for the month of August.
1. The unadjusted balance per the bank statement on August 31 was $57,800.
2. Deposits in transit on August 31 were $2,900.
3. A debit memo was included with the bank statement for a service charge of $20.
4. A $5,620 check written in August had not been paid by the bank.
5. The bank statement included a $1,000 credit memo for the collection of a note. The principal of the note was $950, and the interest collected was $50.
Required
Determine the true cash balance as of August 31. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)