Question: On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31 , 2023, Breanne Allarie, the owner, finalized the company's


On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31 , 2023, Breanne Allarie, the owner, finalized the company's records that showed the following items. *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Use the above information to prepare a July income statement. *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Use the above information to prepare a July statement of changes in equity for Academic Learning Services. (Enter all values as positive.) Analysis Component: Identify those activities that caused equity to decrease during July 2023. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any 1/2 boxes left with a question mark will be automatically graded as incorrect.) Loss earned during the month. Withdrawals by Breanne Allarie. Change in accounts receivable. Sale of automobiles
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