! Required 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 $20.300 of services on account and (2) he purchased $3.500 of supplies on account. There were $950 of supplies on hand as of December 31 Year 1 Required a. b. & e. Record the two transactions in the T-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 "01, 62, 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 occount field.) Accounts Receivable Supplies Beg Bal Bog Bal End. Bal 0 End Bal 0 Accounts Payable Retained fringi Beg Bal Beg Bar End Bal End Bar 0 Service Revenue Supplies Expense Bog Bal Bog Bal End Bal 0 End Hal View transaction list Journal entry worksheet 1 2 Record the dosure of service revenue View transaction list Journal entry worksheet 1 2 Record the closure of service revenue. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal CHASE ARCHITECTURAL SERVICES Post-Cloning Trial Balance December 31, Year 1 Account Tities Debit Credit Totals $ 0 $ 0 View transaction list Journal entry worksheet