Check my w Exercise 13-10A (Algo) Recording supplies and identifying their effect on financial statements LO 13-1, 13. 3. 13.4 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 $20.500 of services on account, and (2) he purchased $5,200 of supplies on account. There were $850 of Supplies on hand as of December 31, Year 1. rcise 13-10A (Algo) Part how the above transactions in a horizontal statements model (Enter any decreases to account balances and cash outflows with Inus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, or financing activity and NC for net change in cash. Not all cells require input.) CHASE ARCHITECTURAL SERVICES Effect of Transactions on the Financial Statements for Your 1 Balance Sheet Income Statement Lilabilities - Stockholders' Equity Accounts Common Retained Revenue Expense Payable Earnings - Net Income Stock Assets Statement of Cash Flows Accounts Receivable Supplies 1. 2 Bal