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Record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required information [The following information applies to the questions displayed below.] Sye Chase started and operated a small family architectural firm in Year 1, The firm was affected by two events: (1) Chase provided $21,000 of services on account, and (2) he purchased $6,800 of supplies on account. There were $1,000 of supplies on hand as of December 31, Year 1. Required a. b. \& e. Record the two transactions in the accounts. Record two separate entries for the closing entries, Record the required yearend 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. Post the entries in the T-accounts and prepare a post-closing trial balance