It was the end of a very long first month in Kara Noble's sole proprietorship....

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Accounting

It was the end of a very long first month in Kara Noble's sole proprietorship. Between moving into a new apartment and teaching dance classes five nights a week, there was not much downtime. Consequently, the mail had started to pile up. Kara spotted her first bank statement from U.S. Bank. The format was different from what she was used to, and she was startled to see the ending balance of $569.03, less than the balance she thought she had. Kara went to her business checkbook. What steps should Kara take to reconcile her bank statement?
A) List the items on the bank statement that are not in the register and enter them in the register. List the items on the register that are not on the bank statement and enter them as outstanding items on the bank statement reconciliation form. Calculate the adjusted statement balance. Compare the adjusted statement balance with the adjusted register balance- confirm that they match.
B) Check all matching transactions on the bank statement and register. List the items on the bank statement that are not in the register, enter them in the register, and update the balance. List the items in the register that are not on the bank's statement as outstanding items. Calculate the adjusted statement balance. Compare the adjusted statement balance with the adjusted register balance- confirm that they match.
C) Check all matching transactions on the bank statement and register. List the items on the bank statement that are not in the register, enter them in the register, and update the balance. List the items in the register that are not on the bank's statement as outstanding items. Calculate the adjusted statement balance. Compare the adjusted statement balance with the adjusted register balance.

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