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)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 46E: OBJECTIVE 6 Exercise 1-46 Income Statement ERS Inc. maintains and repairs office equipment. ERS had...

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