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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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