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 3,000 Cash 5,000 Computer equipment 4,600 Furniture 5,200 Office rent expense Breanne Allarie, capital, June 30, 2020 4,800 19,400 Owner's investments during July 2020 5,500 4,200 4,000 2,480 600 7,200 1,840 980 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense Hint: The ending capital balance for one period is the beginning capital balance for the next period. se the above information to prepare a July income statement. venues: ACADEMIC LEARNING SERVICES Income Statement For Month Ended July 31, 2020