Assignment 1 - Ch 1 i 2 15 points Print Accounts payable Accounts receivable Cash Computer equipment Furniture On July 1, 2023, Academic Learning Services entered. Its second month of operations. On July 31, 2023, Breanne Allarle, the owner, finalized the company's records that showed the following Items. Breanne Allarie, capital, June 30, 2023* office rent expense Owner's investments during July 2023 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense Total assets Assets Saved Amount of assets financed by debt "Hint The ending capital balance for one period is the beginning capital balance for the next period. Prepare a July 31 balance sheet for Academic Learning Services. T $ 3,450 5,900 5,500 $ 6,100 5,700 23,000 6,400 5,100 4,900 2,840 690 8,100 1,930 1,070 ACADEMIC LEARNING SERVICES Balance Sheet July 31, 2023 Liabilities Equity 0 Total liabilities and equity Help Save & Exit A $ Analysis Component: Identify how much of the assets held by Academic Learning Services are financed by debt. 0 Submit

On July 1, 2023, Academic Learning Services entered its second month of operations On July 31, 2023, Brearine Allarle, the owner, finaized the compony's recotds that showed the following items "Hint The ending capital balance for one period is the beginning capitar balance for the next period. Prepare a July 31 balance sheet for Acadernic Learning Services: Analysis Component: Identify how much of the assets held by Academic Learning Services are financed by debt