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Sye Chase started and operated a small family architectural ficm in Year 1. The firm...

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Accounting

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Sye Chase started and operated a small family architectural ficm in Year 1. The firm was affected by two events: (1) Chase provided $20,400 of services on account, and (2) he purchased $3,100 of supplies on account. There were $1,100 of supplies on hand as of December 31 , Year 1 . .. Show the above transactions in a horizontal statements model. (Enter any decreases to account bolances ond cosh outflows with minus sign. In the Stotement of Cash Flows column, use the initials OA to designote operating octivity, IA for investing activity, FA for finencing octivity ond NC for net change in cash. Not all cells require input.)

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