Complete the following problem:

Tayler Smith is a singer who has experienced international success in her career. On May $1,2017,$ Tayler started her business, "Glitter and Gold Studio" where she teaches singing. The following activities occurred during July, the third month of operation:

July $1$: Purchased supplies including sheet music $on$ credit for $$100.$

July $2$: Collected $$4,000$ in advance for singing le ssons to be delivered in August.

July $3$: Collected $$2,000$ for teaching singing less ons in July.

July $4$: Paid $$3,000$ to rent her music studio for $t$ he month of July.

July $5$: Paid $$500$ for supplies purchased on accoun $t$ last month.

July $15$: Tayler Smith withdrew cash of $$500$ to do s ome personal shopping on the weekend.

July $20$: Paid her assistant wages of $$1,300.$

July $31$: Purchased new microphone equipment on cred it for $$300.$