Question $5$ LO$7(15$ marks$)$

On August $1,2019,$ Cross Fitness entered its second year of operations. Cross Fitness provides high$-$performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July $31,2020,$ Jay Grey, the owner, finalized the company's records, which showed the following items.

$\backslash$table$[[$Accounts payable...,$$10,900,$Prepaid rent $...............................,$$$5,500$