12.5 points 01:27:08 Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $24,200 of services on account, and (2) he purchased $7,500 of supplies on account. There were $1,200 of supplies on hand as of December 31, Year 1. Exercise 3-10A (Algo) Part a, b, and e Required a. b. & e. Record the two transactions in the accounts. Record two separate entries for the closing entries. Record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. Post the entries in the T- accounts and prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below.

Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $24,200 of services on account, and (2) he purchased $7,500 of supplies on account. There were $1,200 of supplies on hand as of December 31, Year 1 Exercise 3-10A (Algo) Part a, b, and e Required a. b. \& e. Record the two transactions in the accounts. Record two separate entries for the closing entries. Record the required year-end adjusting entry to refiect the use of supplies and the required closing entries. Post the entries in the T. accounts and prepare a post-closing trial balance