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Taylor Smith is a singer who has experienced international success in her career. On May 1 , 2 0 2 3 , Taylor started her
Taylor Smith is a singer who has experienced international success in her career. On May Taylor started her business, Glitter
and Gold Studio, where she teaches singing. The following activities occurred during July, the third month of operations:
July Purchased supplies including sheet music on credit for $
Collected $ in advance for singing lessons to be delivered in August.
Collected $ for teaching singing lessons in July.
Paid $ to rent her music studio for the month of July.
Paid $ for supplies purchased on account last month.
Taylor Smith withdrew cash of $ to do some personal shopping on the weekend.
Paid her assistant wages of $
Purchased new microphone equipment on credit for $
Required:
Prepare journal entries to record the July transactions.
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