You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the 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.