Question: *This is all one question, i was unable to put it in one picture* Help Save & Exit Submit Check my work Exercise 13-10A (Algo)



Help Save & Exit Submit Check my work Exercise 13-10A (Algo) 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 $20,500 of services on account, and (2) he purchased $5,200 of supplies on account. There were $850 of supplies on hand as of December 31, Year 1. Exercise 13-10A (Algo) Part a, b, and e Required a.b.&e. Record the two transactions in the Taccounts. 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 "1, a2, or b" for the transactions in the order they take place. Select "el" for closing entries. If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) Accounts Receivable Supplies Bog. Bal Beg Bal End. Bol End. Bal. Accounts Payable Retained Earnings Required information Accounts Payable Retained Earnings Beg Bal. Beg Bal End. Bal End. Bal Service Revenue Supplies Expense Beg. Bal. Bog. Bal. End, Bal End. Bal. Required information Journal entry worksheet Part 1 of 3 1 2 0.71 points Record the closure of service revenue. Book Note: Enter debits before credits Print General Journal Dato Dec 31 Debit Credit Record entry Clear entry View general Journal Required information Part 1 of 3 Journal entry worksheet 1 2 0.71 points Record the closure of supplies expenses. eBook Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal
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