assignment 1 newconnect.mheducation.com assignment 1 Sarved Help Save 3 Taylor Smith is a singer who has experienced international success in her career. On May 1, 2020. Taylor started her business, Glitter and Gold Studio, where she teaches singing. The following activities occurred during July, the third month of operations: July 1 Purchased supplies including sheet music on credit for $350. 2 Collected $6,889 in advance for singing lessons to be delivered in August. 3 Collected $3,400 for teaching singing lessons in July. 4 Paid $4,480 to rent her music studio for the month of July. 5 Paid $650 for supplies purchased on account last month. 15 Taylor Smith withdrew cash of $500 to do some personal shopping on the weekend. 20 Paid her assistant wages of $1,300. 31 Purchased new microphone equipment on credit for $1,00e. Required: 1. Prepare journal entries to record the July transactions View transaction list View journal entry worksheet No Date General Journal Debit 1 Credit July 01.2020 Supplies Accounts payable 350 350 2 July 02. 2020 Cash Unearned teaching revenue 6.800 6.800 3 July 03 2020 Cash 3.400 Prex 3 of 5 Next day