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)
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 1.25EX: Financial statements We-Sell Realty, organized as a corporation on August 1, 2018, is owned and...
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