Required Information Exercise 3-10A (Static) Recording supplies and identifying their effect on financial statements LO 3- 1,3-3, 3-4 [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 $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. There were $250 of supplies on hand as of December 31, Year 1. Exercise 3-10A (Static) Part a, b, and e Required a. b. & e. Record the two transactions in the following T-accounts. Record two separate entries for the closing entries. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required E Record the two transactions in the following T-accounts. Record two separate entries for the closing entries. Beg. Bal. End. Bal. Accounts Receivable Beg. Bal. 0 $ 0 End. Bal. Beg. Bal. Accounts Payable Supplies 0 $ 0 Retained Earnings Beg. Bal. End. Bal. $ 0 0 End. Bal. $ 0 0 Service Revenue Beg. Bal. End. Bal. 0 Beg. Bal. End. Bal. Supplies Expense