Question: Scot Brothers report the following transactions for June, 2020: June 1 Purchased a two-year insurance policy for cash, $1800. 9 Performed a service on credit,

Scot Brothers report the following transactions for June, 2020:

June 1 Purchased a two-year insurance policy for cash, $1800. 9 Performed a service on credit, $800. 16 Paid wages to employees, $950. 18 Completed a job for a customer and collected $600 cash. 23 Collected $500 an amount owing from May. 30 Accrued wages of $650. Show the amount of revenue and expense recognized for each transaction for the month of June 2020 under both the cash basis and the accrual basis of accounting by completing the following table.

Enter amounts without punctuation and symbols. If there is no impact enter 0.

Cash Basis

Date	Revenue	Expense
01/06/20	Answer	Answer
09/06/20	Answer	Answer
16/06/20	Answer	Answer
18/06/20	Answer	Answer
23/06/20	Answer	Answer
30/06/20	Answer	Answer

Accrual Basis

Date	Revenue	Expense
01/06/20	Answer	Answer
09/06/20	Answer	Answer
16/06/20	Answer	Answer
18/06/20	Answer	Answer
23/06/20	Answer	Answer
30/06/20	Answer	Answer

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