Question: On July 1 , 2 0 2 3 , Academic Learning Services entered its second month of operations. On July 3 1 , 2 0

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 $ 3,400
Accounts receivable 5,800
Cash 5,400
Computer equipment 6,000
Furniture 5,600
Breanne Allarie, capital, June 30,2023*22,600
Office rent expense 6,300
Owners investments during July 20235,000
Owners withdrawals 4,800
Supplies 2,800
Textbook rental revenue 680
Tutoring revenue 8,000
Tutors wages expense 1,920
Utilities expense 1,060
*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.)

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