Question: On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the companys records

On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the companys records that showed the following items. Accounts payable $ 3,100 Accounts receivable 5,200 Cash 4,800 Computer equipment 5,400 Furniture 5,000 Breanne Allarie, capital, June 30, 2020* 20,200 Office rent expense 5,700 Owners investments during July 2020 4,400 Owners withdrawals 4,200 Supplies 2,560 Textbook rental revenue 620 Tutoring revenue 7,400 Tutors wages expense 1,860 Utilities expense 1,000 *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Use the above to find the statement of change in equity

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