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. Based on this information, Owen's true cash balance is:

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