The Scheiffer Companys most recent bank statement and book balances of cash reconciliations were completed on September $30,2012.$ Two checks were reported outstanding: check #$6798$ for $$1135\mathrm{.}50$ and check #$6794$ for $$524\mathrm{.}00.$ The following information is available for the October $31,2012$ reconciliation.Section of the October $31$ Bank StatementPrevious BalanceTotal Checks & DepositsTotal Deposits & CreditsCurrent Balance$16,345\mathrm{.}509,695\mathrm{.}5511,146\mathrm{.}8517,796\mathrm{.}80$ Checks and DebitsDeposits and CreditsDaily BalanceDateNo.Amount DateAmount DateAmount$10/0267981,135\mathrm{.}5010/041,214\mathrm{.}5009/3016,345\mathrm{.}5010/057002815\mathrm{.}0010/112,054\mathrm{.}5510/0215,210\mathrm{.}0010/0970011,788\mathrm{.}5010/203,990\mathrm{.}2510/0416,424\mathrm{.}5010/15605\mathrm{.}75$NSF$10/232,436\mathrm{.}8010/0515,609\mathrm{.}5010/197004954\mathrm{.}0010/2920\mathrm{.}75$IN$10/0913,821\mathrm{.}0010/227003405\mathrm{.}3510/291,430\mathrm{.}00$CM$10/1115,875\mathrm{.}5510/2570051,985\mathrm{.}9510/1515,269\mathrm{.}8010/267007310\mathrm{.}3510/1914,315\mathrm{.}8010/3070091,695\mathrm{.}1510/2018,306\mathrm{.}0510/2217,900\mathrm{.}7010/2320,337\mathrm{.}5010/2518,351\mathrm{.}5510/2618,041\mathrm{.}2010/2919,491\mathrm{.}9510/3017,796\mathrm{.}80$From Scheiffers Accounting RecordsCash Receipts DepositedDate Cash DebitOct$41,214\mathrm{.}50112,054\mathrm{.}55203,990\mathrm{.}25232,436\mathrm{.}809,696\mathrm{.}10$ Cash DisbursementsCheck No$.$ Cash Credit$70011,788\mathrm{.}507002815\mathrm{.}007003405\mathrm{.}357004954\mathrm{.}0070051,955\mathrm{.}957006880\mathrm{.}507007310\mathrm{.}357008325\mathrm{.}1070091,695\mathrm{.}159,129\mathrm{.}90$ CashAccount #$101$DateExplanationPRDebitCreditBalanceSep$30$Balance $14,686\mathrm{.}00$Oct$31$Total receiptsR$129,696\mathrm{.}1024,382\mathrm{.}1031$Total disbursementsD$239,129\mathrm{.}9015,252\mathrm{.}20$Check #$7005$ was drawn correctly for $$1985\mathrm{.}95$ to pay for office equipment. The recordkeeper recorded it as a debit for Office Equipment and a credit to Cash for $$1955\mathrm{.}95,$ but misread the amount of the check, which was $$1985\mathrm{.}95.$ The non$-$sufficient funds check for a $$605\mathrm{.}75$ account payment was received from a customer, A$.$ B$.$ Fransen. The company has not yet recorded the returned check. The credit memo is the banks collection on a $$1450\mathrm{.}00$ note and shows the deduction of a $$20\mathrm{.}00$ collection fee. The company has not recorded the collection or the fee.Based on the information provided, complete the following tasks:$1.$ Prepare an October $31,2012,$ bank reconciliation for the Scheiffer Company.SCHEIFFER COMPANYBank ReconciliationOctober $31,2012[$Create the

bank reconciliation here.$]2.$ Make the necessary journal entries to adjust the book balance of cash to the reconciled balance.$[$Create the journal entries here.$]3.$ For distinguished performance, provide three possible reasons why some of the numbered checks in the sequence are missing from the bank statement.