Problem 2-12A Journalizing, posting, preparing a trial balance and financial sta Taylor Smith is a singer who has experienced international success in her career. On May 1, 2020, Tayl and Gold Studio, where she teaches singing. The following activities occurred during July, the third m July 1 Purchased supplies including sheet music on credit for $250. 2 Collected $4,600 in advance for singing lessons to be delivered in August. 3 Collected $2,300 for teaching singing lessons in July. 4 Paid $3,300 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 $1,600. 31 Purchased new microphone equipment on credit for $450. Required: 4.D 4