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On July 1 , 2 0 2 3 , Academic Learning Services entered its second month of operations. On July 3 1 , 2 0
On July Academic Learning Services entered its second month of operations. On July Breanne Allarie, the owner, finalized the companys records that showed the following items. Accounts payable $ Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capital, June Office rent expense Owners investments during July Owners withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors wages expense Utilities expense Hint: The ending capital balance for one period is the beginning capital balance for the next period. Prepare a July balance sheet for Academic Learning Services.
On July Academic Learning Services entered its second month of operations. On July Breanne Allarie, the owner, finalized the companys records that showed the following items.
Accounts payable $
Accounts receivable
Cash
Computer equipment
Furniture
Breanne Allarie, capital, June
Office rent expense
Owners investments during July
Owners withdrawals
Supplies
Textbook rental revenue
Tutoring revenue
Tutors wages expense
Utilities expense
Hint: The ending capital balance for one period is the beginning capital balance for the next period.
Prepare a July balance sheet for Academic Learning Services.
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