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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

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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: () Chase provided $16,800 of services on account, and (2) he purchased $3,200 of supplies on account. There were $800 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 "a1, a2, or b" for the transactions in the order they take place. Select "cl" for closing entries. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Accounts Receivablo Supplies Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Accounts Payable Retained Earnings Beg. Bal. Beg. Bal. End. Bal. End. Bal. Service Revenue Supplies Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. Journal entry worksheet

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