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On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records
On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records that showed the following items. Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capital, June 30, 2020- Office rent expense Owner's investments during July 2020 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense $ 3,450 5,900 5,500 6,100 5,700 23,000 6,400 5, 10e 4,900 2,840 690 8,100 1,930 1,070 Hint. The ending capital balance for one period is the beginning capital balance for the next period. Use the above information to prepare a July statement of changes in equity for Academic Learning Services. (Enter all values as
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