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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

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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 below.] Sye Chase started and operated a small family architectural firm in Year 1 . The firm was affected by two events: (1) Chase provided $22,900 of services on account, and (2) he purchased $6,000 of supplies on account. There were $800 of supplies on hand as of December 31. Year 1 . xercise 13-10A (Algo) Part c . Show the above transactions in a horizontal statements model. (Enter any decreoses to account bolances and cash outflows with minus sign. In the Statement of Cash Flows column, use the initiols OA to designate operating octivity, IA for investing octivity, FA for financing activity and NC for net change in cash. Not all cells require input.) Show the above transactions in a horizontal statements model, (Enter any decreoses to account bolonces and cosh outlows with minus sign. In the Statement of Cosh Flows column, use the initiols OA to designote operoting octivity, IA for investing octivity, A for financing octivity and NC for net change in cash. Not all cells require input.)

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