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Calculate owen true cash balance

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Question - Owen Company's unadjusted book balance at June 30, 2016 is $12,160. The company's bank statement reveals bank service charges of $90. Two credit memos are included in the bank statement: one for $1,250, which represents a collection that the bank made for Owen, and one for $140, 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:

$12,160.

$13,270.

$13,460.

$13,640.

Reference no: EM132134547

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