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accounting question please reach as soon as possible due date Taylor Smith is a singer who has experienced international success in her career On May

accounting question please reach as soon as possible due date
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Taylor Smith is a singer who has experienced international success in her career On May 1, 2020, Taylor started her business, Glimer and Gold Studio, where she teaches singing. The following activities occurred during July, the third month of operations Duly 1 Purchased supplies including sheet music on credit for $500 2 Collected $7,400 in advance for singing lessons to be delivered in August. 3 Collected 53,700 for teaching singing lessons in July. 4 Paid 54,700 to rent her music studio for the month of July 5. Paid $300 for supplies purchased on account last month 15 Taylor Swith withdrew cash of 5250 to do some personal shopping on the end 20 Paid her assistant wages of $1,600. 31 Purchased new sicrophone equipment on credit for $1,150 Required: 1. Prepare journal entries to record the July transactions 2&3. Post the entries to the T-accounts. Use the below format) Enter the balances brought forward from June 30, 2020. Cash (101) $7700: Supplies (126) $1,800, Equipment (161) $9,700Accounts Payable (201) $3,200, Uneamed Teaching Revenue (233) 511 500 Taylor Smith, Capital (301) $4,700, Taylor Smith, Withdrawals (302) $14.700, Teaching Revenue (401) $51100, Wages Expense (623) $28,900, and Rent Expense (640) $7700 101.Cash 126: Supplies Beg Bal July 07 July 02 July 03 Beg Bad July 01 Jun 01 EndBA End Bal 161:Equipment 2015Accounts Payable Beg Bal July 31 Beg Bal July 05 End Bal End Bal 233: Unearned Teaching Revenue 301:Taylor Smith, Capital Beg Bal Beg Bal July 01 End Bal End.Bal 302: Taylor Smith, Withdrawals 401: Teaching Revenue Beg Bal July of Beg Bal July 01 July 15 End Bal 0 End bal 640:Rent Expense 623:Wages Expense 4700 Beg Bal July 01 July 20 End Bal Beg Bal July 01 July 04 End Bal 4700 0

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