Owen Company's unadjusted book balance at June 30 is $15,960. The company's bank statement reveals bank service charges of $140. Two credit memos are included
Owen Company's unadjusted book balance at June 30 is $15,960. The company's bank statement reveals bank service charges of $140. Two credit memos are included in the bank statement: one for $1,650, which represents a collection that the bank made for Owen, and one for $240, 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: Question 8 options: $15,960. $17,710. $17,370. $17,990.
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