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Osborn Company 's unadjusted book balance at June 30,2021 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit memos are

image text in transcribed Osborn Company 's unadjusted book balance at June 30,2021 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement: one for $900, which represents a collection that the bank made for Osborn, and one for $50, which represents the amount of interest that Osborn had earned on its interest-bearing account in June. Based on this information, Osborn's true cash balance is a. $7,800 b. $8,705 C. $8,795 d. $8,650 Osborn Company 's unadjusted book balance at June 30,2021 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement: one for $900, which represents a collection that the bank made for Osborn, and one for $50, which represents the amount of interest that Osborn had earned on its interest-bearing account in June. Based on this information, Osborn's true cash balance is a. $7,800 b. $8,705 C. $8,795 d. $8,650

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