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Requirea information [The following information applies to the questions displayed below.) Sye Chase started and operated a small family architectural firm in Year 1. The
Requirea information [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 $21,100 of services on account, and (2) he purchased $3,600 of supplies on account. There were $750 of supplies on hand as of December 31, Year 1. Required 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 "el" for closing entries. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Accounts Recelvable Supplies Beg. Bat. Beg Bal End. Bal. 0 End. Bal. 0 Accounts Payable Retained Earnings Beg. Bal. Bog. Bal End. Bal. End, Bal 0 Service Revenue Supplies Expense Bog. Bal Bog. Bal End. Bal 0 End. Bal. 0 View transaction list Journal entry worksheet
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