2&3. Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from June 30, 2020: Cash (101) $8.000, Supplies (126) $1,950. Equipment (161) $10,000, Accounts Payable (201) $3.500, Unearned Teaching Revenue (233) $11,800; Taylor Smith, Capital (301) $5,000, Taylor Smith, Withdrawals (302) $15,000, Teaching Revenue (401) $52.000; Wages Expense (623) $29,350; and Rent Expense (640) $8,000. 101 Canh 126.Supplies Beg Bal Beg Bal. End Bal 0 + End.Bal. 0 161-Equipment 201Accounts Payable Beg Bal Beg Bal End Bal o End Bal 0 233 Useamed Teaching Revenue 301:Taylor Smith, Capital Beg Bal Beg Bal End Bal 0 End Bal 0 302. Taylor Smith Withdrawals 401 Teaching Revenue Beg Bat Beg Bal 302: Taylor Smith, Withdrawals 401:Teaching Revenue Beg Bal Beg Bal End.Bal 0 End bal 0 623-Wages Expense 640:Rent Expense Beg Bal Beg Bal End Bal End Bal + 0 4. Prepare a trial balance at July 31, 2020. GLITTER AND GOLD STUDIO Trial Balance July 31, 2020 Dobit Credit Cash Suppies Equipment Accounts payable Unearned teaching revenue 4. Prepare a trial balance at July 31, 2020. GLITTER AND GOLD STUDIO Trial Balance July 31, 2020 Debit Credit Cash Supplies Equipment Accounts payable Uneamed teaching revenue Taylor Smith, capital Taylor Smith, withdrawals Teaching revenue Wages expense Rent expense $ Totals 0 0 $ Help Save & Exit Submit 5. Use the trial balance to prepare an income statement and statement of changes in equity for the three months ended July 31, 2020, as well as a balance sheet at July 31, 2020. GLITTER AND GOLD STUDIO Income Statement For Three Months Ended July 31, 2020 Revenues Operating expenses Total operating expenses 0 GLITTER AND GOLD STUDIO Statement of Changes in Equity Fre Three Months Ended July 31, 2020 Taylor Smith, capital, May 1 OO Total Save Help Save & Exit Submit GLITTER AND GOLD STUDIO Statement of Changes in Equity For Three Months Ended July 31, 2020 Taylor Smith, capital, May 1 0 Total $ 0 Taylor Smith, capital, July 31 $ 0 GLITTER AND GOLD STUDIO Balance Sheet July 31, 2020 Assets Liabilities Total abilities $ 0 Equity 0 O Totalt Total abilities and equity