Owen Company's Unadjusted Book Balance at June 30 Is $9,700

Multiple Choice

Owen Company's unadjusted book balance at June 30 is $9,700.The company's bank statement reveals bank service charges of $45.Two credit memos are included in the bank statement: one for $900,which represents a collection that the bank made for Owen,and one for $50,which represents the amount of interest that Owen had earned on its interest-bearing account in June.What is the true cash balance?

A) $9,700
B) $10,695
C) $10,550
D) $10,605