On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarle, the owner, finalized the company's records that showed the following items. Accounts payable Accounts receivable $ 2,950 4,900 Cash. 4,500 Computer equipment 5,100 Furniture 4,700 Breanne Allarie, capital, June 30, 2020* 19,000 Office rent expense. Owner's investments during July 2020 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors wages expense Utilities expense 5,400 4,100 3,900. 2,440 590 7,100 1,830 978 "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. ACADEMIC LEARNING SERVICES Balance Sheet July 31, 2020 Assets Liabilities Equity