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Owen Company's unadjusted book balance at June 30 is $15,700. The company's bank statement reveals bank service charges of $55. Two credit memos are included
- Owen Company's unadjusted book balance at June 30 is $15,700. The company's bank statement reveals bank service charges of $55. Two credit memos are included in the bank statement: one for $1,900, 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. Based on this information. Deposit in transit $2,500 and Outstanding checks $767. Owen's true cash balance is:
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