Nickleson company had an unadjusted cash balance of $7,750 as of may 31. the company’s bank statement, also dated may 31, included a $72 nsf check written by one of nickleson’s customers. there were $800 in outstanding checks and $950 in deposits in transit as of may 31. according to the bank statement, service charges were $50, and the bank collected an $800 note receivable for nickleson. the bank statement also showed $13 of interest revenue earned by nickleson. determine the true cash balance as of may 31.