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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 $ 3,150 Accounts receivable 5,300 Cash 4,900 Computer equipment 5,500 Furniture 5,100 Breanne Allarie, capital, June 30, 2023* 20,600 Office rent expense 5,800 Owners investments during July 2023 4,500 Owners withdrawals 4,300 Supplies 2,600 Textbook rental revenue 630 Tutoring revenue 7,500 Tutors wages expense 1,870 Utilities expense 1,010 *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Prepare
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