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[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 $21,700 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.

Required a. b. & e. Record 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 trial balance. (Select "a1, a2, or b" for the transactions in the order they take place. Select "cl" 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 Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Accounts Payable Retained Earnings Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Service Revenue Supplies Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal CHASE ARCHITECTURAL SERVICES Post-Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Totals $ 0 $ 0