On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allore, the owner, finalized the company's records that showed the following items. Accounts payable Accounts receivable Caus Computer equipment Turniture Breanne Allaria, capital, June 30, 2020 ottice rent expendo Owner's Investments during July 2020 Over's vithdravalo Supplies Textbook rontal revenue utoring revenue Tutors vages expense Utilities expanse 2,750 4,500 4,100 4,700 1,300 17,400 5,000 3,700 3,500 2,280 550 6,700 1.790 930 "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, "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 Liabilities 4,100 Accounts payable 4,500 2.280 4,700 Equity 4,300 Breanne Alario, capital $ Assets Cash TAccounts receivable Supplies Computer equipment Furniture 2,750 17,130 Total assets $ 19,880 Total liabilities and equity $ 19 880 Analysis Component: Identify how much of the assets held by Academic Learning Services are financed by debt. Amount of assets financed by debt