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Required information Exercise 13-10A (Algo) Recording supplies and identifying their effect on financial statements LO 13-1, 133, 134 [The following information applies to the questions

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Required information Exercise 13-10A (Algo) Recording supplies and identifying their effect on financial statements LO 13-1, 133, 134 [The following information applies to the questions displayed beiow] Sye Chase started and operated a small family architectural firm in Year 1 . The firm was affected by two events (7) Chase provided $15,300 of services on account, and (2) he purchased $5,300 of supplies on account. There were $800 of supplies on hand as of December 31, Year 1 . Exercise 13-10A (Algo) Part d d. Explain why the amounts of net income and net cash flow from operating activites differ

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