The following information is available for Jack's Inc., for the current month. Book balance for the month $6,875 Outstanding checks 655 Deposit in transit 3,500 Interest revenue 85 Service charges 35 What is the beginning bank balance on the bank reconciliation? O $39,100. O $4,080 O $38,800. O $39,010.

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.