Consider the following transactions.

Required:
For each transaction, determine the amount of revenue or expense, if any that is recorded under accrual-basis accounting and under cash-basisaccounting.

Accrual-Basis Revenue Expense Revenue Expense Cash-Basis Transaction 1. Record employee salanes 2. Pay advertising for the current 3. Pay utilities for the previous 4. Receive cash from customers in 5. Purchase office supplies on 6. Pay dividends to stockholders 7. Pay for supplies previously 8. Pay for insurance one year in 9. Receive cash from customers for incurred but not yet paid S800 month, S700 month, S750 advance, S1,500 account, S400 S200 purchased on account, S400 advance, S3.600 services performed in the current period, S1,800 10. Provide services to customers on account, S2,100