Exercise 1-14 Statement of changes in equity LO6 On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allerie, the owner finalized the company's records that showed the following items Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capttal, June 10, 2013 office rent expense Ouner's investeents during July 2023 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors wages expense utilities expense $ 3,050 5,100 4,700 5,100 4,500 19,000 5,600 4,300 4,100 2,120 610 7,300 1,950 990 "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)
Exercise 1-14 Statement of changes in equity LO6 On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allerie, the owner finalized the company's records that showed the following items Accounts payable Accounts receivable Cash Computer equipment Furniture Breanne Allarie, capttal, June 10, 2013 office rent expense Ouner's investeents during July 2023 Owner's withdrawals Supplies Textbook rental revenue Tutoring revenue Tutors wages expense utilities expense $ 3,050 5,100 4,700 5,100 4,500 19,000 5,600 4,300 4,100 2,120 610 7,300 1,950 990 "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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 1-14 Statement of changes in equity LO6
On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allerie, the ownec
finalized the company's records that showed the following items
Accounts payable
Accounts receivable
Cash
Computer equipment
Furniture
Breanne Allarie, capital, June 30, 2023
office rent expense
Oumer's investeents during July 2023
Owner's withdrawals
Supplies
Textbook rental revenue
Tutoring revenue
Tutors' wages expense
utilities expense
$3,050
5,100
4,700
5.300
4,900
19,000
5,600
4,300
4,100
2,120
610
7,300
1,050
900
"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.)
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