The following information is available for Young Company for the month of August:

The following information is available for Young Company for the month of August:

1. The unadjusted balance per the bank statment on August 31 was $35,200

2. Deposits in transit on August 31 were $3,750

3. A debit memo was included with the bank statement for a service charge of $35

4. A $2,120 check written in August had not been paid by the bank

5. The bank statement included a $1,550 credit memo for the collection of a note.  The principal of the note was $1,500, and the interested collected was $50

Required

Determine the true cash balance as of August 31.