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3 Part 1 of 3 2 points Book [The following information applies to the questions displayed below] Sye Chase started and operated a small family
3 Part 1 of 3 2 points Book [The following information applies to the questions displayed below] Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $17,900 of services on account, and (2) he purchased $6,100 of supplies on account. There were $1,200 of supplies on hand as of December 31, Year 1. Required i a. b. & e. Record the two transactions in the accounts. 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. (Select "a1, a2, or b" for the transactions in the order they take place. Select "cl" for closing entries. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Accounts Receivable References Beg. Bal Beg Bal End Bal End Bal Accounts Payable Retained Earnings Beg Bal Beg Bat End. Bal End. Ba 4 Service Revenue Supplies Expense Bog Ba Beg Bal End. Ba End Bal < Prev 3 4 5 of 12 Next > rk-Chapter 36 of 3 Required information View transaction list Journal entry worksheet its < 1 2 Record the closure of service revenue. eBook Saved References Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal eBook References CHASE ARCHITECTURAL SERVICES Post-Closing Trial Balance December 31, Year 1 Account Titles Totals Debit Credit Mc View transaction list Journal entry worksheet < 2 Record the closure of supplies expenses. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit < Prev 5 of 12 Next >
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