Owen Company's unadjusted book balance at June 30 is $12,500. The company's bank statement reveals bank service charges of $95. Two credit memos are included in the bank statement: one for $1,290, which represents a collection that the bank made for Owen, and one for $150, which represents the amount of interest that Owen had earned on its interest-bearing account in June. What is the true cash balance?

Multiple Choice

$13.640

$12.500

$14.035

$13,845