ck ances Knowledge Check 01 Use the drop-down menus to indicate whether each of the following events would be recorded as expenses at the time it happens under the accrual-basis and cash-basis accounting methods. Accrual-Basis Record expense Cash-Basis Do not record expense Event October. Purchase supplies totaling $10,000 on account November: Pay cash for the supplies that were purchased in October December: Pay $900 cash for uirties for the current month.