Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $22,800 of services on account, and (2) he purchased $6,900 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 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 Receviable

Beg Bal
a1
end bal

supplies

One is also needed for Accounts payable, retained earnings, service revenue, supplies expense

B. Record the closure of service revenue

Record the closure of supplies expense

C. record post trial closing balance