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Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (f) Chase provided $22,300 of

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Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (f) Chase provided $22,300 of services on account, and (2) he purchased $4,700 of supplies on account. There were $800 of supplies on hand as of December 31 , Year 1 . Required o. 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, o2, or b" for the transactions in the order they take ploce. Select "cl" for closing entries. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits

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