Question $2$

Question $3$

Requirement $1.$ Show whether each transaction would be handled as a revenue or an

expense using both the cash basis and accrual basis accounting systems by completing

the table provided. $($Expenses should be shown in parentheses.$)$ Also indicate the dollar

amount of the revenue or expense. The May $1$ transaction has been completed as an

example. $($Complete all input fields. Enter a $0$ for any transactions that do not affect

revenues or expenses.$)$

Transactions