Sate Systeims inast recently reponciled its bunk balance on April 30 and reponiel fwo check outranes. as that time, No. 1771 for 5781 and No. 1780 for 51.325,90. The following informution May 91,2011 , reconciliation. From the May 31 Bank Statement From Safe Systerns' Accounting Records Additional information for $544. The bank paid and dedicted the comrect amount. Tbe NSF chrek vbores is the icationt of its return. The credit memorandum is from a $7300 noe that the buak colleciced for be contrap. Dhe bank deducted a $100 collection fee and deposited the remainder in the company's account. The collection and fee have not yet been recorded. Required 1. Prepare the May 31,2011 , bank reconciliation for Safe Systems. 2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. Analysis Component 3. The bank statement reveals that some of the prenumbered checks in the sequence are missing. Describe three possible situations to explain this