Sye Chase started and operated a small family architectural firm in 2016. The firm by two events: (1) Chase provided $25,000 of services on account, and (2) he of supplies on account. There were $250 of supplies on hand as of December 31, 2016. a. Open T-accounts and record the two transactions in the accounts b. Record the required year-end adjusting entry to reflect the use of supplies. c. Record the preceding transactions in a horizontal statements model like the d. Explain why the amounts of net income and net cash flow operating activities. e. Record and post the required closing entries, and prepare a trial