Sye Chase started and operated a small family architectural firm in Year 1. The firm...
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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 $15,000 of services on account, and (2) he purchased $4.300 of supplies on account. There were $800 of supplies on hand as of December 3t, Year 1. Exercise 13-10A (Algo) Part a, b, and e Required a. b. 8 e. Pecord 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 triat balance. (Select "a1, a2, or b" for the transactions in the order they take ploce. Select "el" for elosing entries. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet CHASE ARCHITECTURAL SERVICES Post-Closing Trial Balance December 31, Year 1 \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Titles } & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Totals & & & $ \\ \hline \end{tabular}
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