Help Save & EX Chec Required information Exercise 13-10A Recording supplies and identifying their effect on financial statements LO 13-1, 13-3, 13-4 (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 $23,000 of services on account, and (2) he purchased $5,100 of supplies on account. There were $1100 of supplies on hand as of December 31, Year 1 Exercise 13-10A Part d d. Explain why the amounts of net income and net cash flow from operating activities differ. Net income is Net Cash Flow from Operating Activities is of revenue was earned on account, but none was collected of supplies were used, but none were paid for ws