Sye Chase started in operated a small family architectural firm in year 1. The firm was affected by two events: (1) Chase procided a $15,300 of services on account, and (2) he purchased $4,800 of supplies on account. There are $750 of suuplies on hand as of December 31, Year 1. Required ..b.& 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, 62, or b" for the transactions in the order they take place. Select "cl" for closing entries. If no entry is required for otronsaction/event, select "No journal entry required" in the first account field.) Accounts Receivable Supplies Beg Bal Beg Bal End Bal End Bal 0 Accounts Payabile Retained Earnings Beg Bal Beg Bal End Bal End Bal D Service Revenge Supplies Expense Beg Bal Beg Bol End Bal End. Bal Required information View transaction list Journal entry worksheet 2 > Record the closure of service revenue. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal CHASE ARCHITECTURAL SERVICES Post Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Totals $ 0 $ Sye Chase started in operated a small family architectural firm in year 1. The firm was affected by two events: (1) Chase procided a $15,300 of services on account, and (2) he purchased $4,800 of supplies on account. There are $750 of suuplies on hand as of December 31, Year 1. Required ..b.& 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, 62, or b" for the transactions in the order they take place. Select "cl" for closing entries. If no entry is required for otronsaction/event, select "No journal entry required" in the first account field.) Accounts Receivable Supplies Beg Bal Beg Bal End Bal End Bal 0 Accounts Payabile Retained Earnings Beg Bal Beg Bal End Bal End Bal D Service Revenge Supplies Expense Beg Bal Beg Bol End Bal End. Bal Required information View transaction list Journal entry worksheet 2 > Record the closure of service revenue. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal CHASE ARCHITECTURAL SERVICES Post Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Totals $ 0 $
