On September 30, the bank statement of Fine Company showed a balance of $11,650. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records:

• Deposits in transit amounted to $4,815
• Outstanding checks amounted to $8,790
• A $720 check was incorrectly drawn on Fine's account
• NSF checks returned by the bank were $1,140
• Bank service charge was $41
• Credit memo for $160 for the collection of one of the company's account receivable

Based on the above information, the true cash balance was:

Multiple Choice

• $8,395.

• $8,514.

• $7,374.

• $9,209.

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Owen Company's unadjusted book balance at June 30 is $9,880. The company's bank statement reveals bank service charges of $60. Two credit memos are included in the bank statement: one for $1,020, which represents a collection that the bank made for Owen, and one for $80, which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information, Owen's true cash balance is:

Multiple Choice

• $9,880.

• $10,920.

• $10,820.

• $11,040.