Sye Chase started and operated a small family architectural firm in Year $1.$ The firm was affected by two events: $(1)$ Chase provided $$24,700$ of services on account, and $(2)$ he purchased $$4,600$ 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.