Owen Company's Unadjusted Book Balance at June 30 Is $10,220

Multiple Choice

Owen Company's unadjusted book balance at June 30 is $10,220. The company's bank statement reveals bank service charges of $65. Two credit memos are included in the bank statement: one for $1,050, which represents a collection that the bank made for Owen, and one for $90, which represents the amount of interest that Owen had earned on its interest-bearing account in June. What is the true cash balance?

A) $10,220
B) $11,295
C) $11,180
D) $11,425