For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis

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Question:

For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

		Accrual-Basis		Cash-Basis
Transaction		Revenue	Expense	Revenue	Expense
1.	Receive cash from customers at the time of service, $2,700.	$	$	$	$
2.	Issue common stock for cash, $5,000.
3.	Receive cash from customers who were previously billed, $1,200.
4.	Record depreciation of equipment, $500.
5.	Pay workers’ salaries for the current month, $600.
6.	Pay for rent one year in advance, $2,400.
7.	Repay a long-term note to the bank, $2,000.
8.	Pay workers’ salaries for the previous month, $750.
9.	Pay dividends to stockholders, $400.
10.	Purchase office supplies for cash, $440.