Business, 15.04.2020 04:50 meiyrarodriguez

Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June.
Required:
a. What is the true cash balance?

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Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals ba...