Required Information:

Work:

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 $17700 of services on account, and (2) he purchased $4,300 of supplies on account. There were $1,150 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 "o1, a2, 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 account field.) Account Relah Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $17,700 of services on account and (2) he purchased $4,300 of supplies on account. There were $1,150 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 "ct" for closing entries. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Supplies Accounts Rocolvable 17,700 Bog. Bal Beg Bal End. Bal 17,700 End. Bal 0 Accounts Payable Retained Earnings Beg. Bal Beg Bal End. Bal. End. Bal. 0 Service Revenue Supplies Expenso Bog, Bal Beg Bat 0 End. Bal 0 End, Bal