On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records that showed the following items. Accounts payable Accounts receivable $ 3,450 5,900 Cash 5,500 Computer equipment 6,100 Furniture 5,700 Breanne Allarie, capital, June 30, 2020* 23,000 Office rent expense 6,400 Owner's investments during July 2020 5,100 4,900 2,840 690 Tutoring revenue 8,100 1,930 1,070 Owner's withdrawals Supplies Textbook rental revenue Tutors' wages expense Utilities expense "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