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Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $20,200 of
Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $20,200 of services on account, and (2) he purchased $7,100 of supplies on account. There were $950 of supplies on hand as of December 31, Year 1. Exerclse 13-10A (Algo) Part a, b, and e 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. Note: Select " a1,a2, or b" for the transactlons In the order they take place. Select "cl" for closing entrles. If no entry is required for a transoction/event, select "No journal entry requlred" In the first account fleld
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