Pips Puppy Store has a balance in his Cash Ledger Account of $42,500 at July 31^st 2020. Pip receives his Bank Statement which shows an ending balance of $46,000.

Pip compares his records with the bank statement and discovers the following reconciling items:

1. Deposits-in-Transit $2,250
2. Bank Collects a $5,000 Note Receivable from Muffin for Pip, Muffin also pays $500 in interest and the Bank deducts a $150 Collection fee.
3. Pip discovers that Sales he made on July 28^th of $4,750 were recorded on the deposit slip for $4,075. The Bank recorded the correct amount.
4. Outstanding Checks $895
5. The Bank Charged Pip a $50 monthly management fee on his account
6. Pips customer, gave him a check for $3,500 that was returned NSF (Non-Sufficient Funds)
7. The bank mistakenly adds a deposit of $1,800 made by Pops Poppy store into Pips Account
8. Pip wrote out a check for $1,580 in payment to a vendor, but deducted $2,160 from his checkbook

Prepare a Bank Reconciliation for July 31^st, 2020

Record the Adjusting entries in Pips Journal

What is the ending Balance in Pips Cash Account?