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 $ 3,350
Accounts receivable 5,700
Cash 5,300
Computer equipment 5,900
Furniture 5,500
Breanne Allarie, capital, June 30,2023*22,200
Office rent expense 6,200
Owners investments during July 20234,900
Owners withdrawals 4,700
Supplies 2,760
Textbook rental revenue 670
Tutoring revenue 7,900
Tutors wages expense 1,910
Utilities expense 1,050
*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
 On July 1,2023, Academic Learning Services entered its second month of

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