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On June 1, 2020, Emily Carr helped Breanne Allarie start Academic Learning Services. On July 31, 2020, Breanne Allarie, the owner, finalized the company's records for the second month of operations, showing the following items. Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capital, June 30, 2020* Office rent expense Owner's investments during July 2020 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors' wages expense Utilities expense $ 3,450 5,900 5,500 6,100 5,700 23,000 6,400 5,100 4,900 2,840 690 8,100 1,930 1,070 * 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.) ACADEMIC LEARNING SERVICES Statement of Changes in Equity For Month Ended July 31, 2020 Breanne Allarie, capital, July 1 Total
Total Breanne Allarie, capital, July 31 Analysis Component: Identify those activities that caused equity to decrease during July 2020. (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 boxes left with a question mark will be automatically graded as incorrect.) ? Investments in assets by Breanne Allarie. ? Loss earned during the month. ? Withdrawals by Breanne Allarie. ? Change in accounts receivable. ? Sale of automobiles.