Requirement 1. Show whether each transaction would be handled as a revenue or an expense using both the cash basis and accrual basi provided. (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction h transactions that do not affect revenues or expenses.) Requirement 1. Show whether each transaction would be handled as a revenue or an expense using both the cash basis and accrual basi provided. (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction h transactions that do not affect revenues or expenses.)