3 On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allarie, the owner, inalized the company's records that showed he following items. t Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capital, June 30, 2023* Office rent expense Owner's investments during July 2023 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense Accounts receivable Total assets $ 3,000 5,000 4,600 5,200 4,800 *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Assets 19,400 5,500 Prepare a July 31 balance sheet for Academic Learning Services. 4,200 4,000 2,480 600 $ 7,200 1,840 980 ACADEMIC LEARNING SERVICES Balance Sheet July 31, 2023 Liabilities Equity 0 Total liabilities and equity $ 0