Owen Company's unadjusted book balance at June $30$ is $$14,020.$ The company's bank statement reveals bank service charges of $$115.$ Two credit memos are included in the bank As of June $30,$ Year $2,$ the bank statement showed an ending balance of $$17,449.$ The unadjusted Cash account balance was $$17,239.$

The following information is available:

Deposit in transit, $$2,950.$

Credit memo in bank statement for interest earned in June, $$22.$

Outstanding check, $$3,145.$

Debit memo for service charge, $$7.$

Required:

Determine the true cash balance by preparing a bank reconciliation as of June $30,$ Year $2,$ using the preceding information.

Note: Negative amounts should be indicated with minus sign.

Answer is not complete.

statement: one for $$1,450,$ which represents a collection that the bank made for Owen, and one for $$190,$ 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

$$15,775.$

$$15,545.$

$$15,280.$

$$14,020.$