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[The following information applles to the questions displayed beiow.] Sye Chase started and operated a small family architectural firm in Year 1. The firm was

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[The following information applles to the questions displayed beiow.] Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $16,500 of services on account, and (2) he purchased $6,100 of supplies on account. There were $900 of supplies on hand as of December 31, Year 1 . c. Sfiow the above transactions in a horizontal statements modeh (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the inltials OA to designnte operating activity, IA for investing activity. FA for financing activity and NC for net change in cash. Not all cells require input.)

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