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On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allarie, the owner, finalized the companys records
On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allarie, the owner, finalized the companys records that showed the following items. Accounts payable $ 2,950 Accounts receivable 4,900 Cash 4,500 Computer equipment 5,100 Furniture 4,700 Breanne Allarie, capital, June 30, 2023* 19,000 Office rent expense 5,400 Owners investments during July 2023 4,100 Owners withdrawals 3,900 Supplies 2,440 Textbook rental revenue 590 Tutoring revenue 7,100 Tutors wages expense 1,830 Utilities expense 970 *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 positive.) Analysis Component: Identify those activities that caused equity to decrease during July 2023. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Loss earned during the month.unanswered Withdrawals by Breanne Allarie.unanswered Change in accounts receivable.unanswered Sale of automobiles
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