Select the date that the transaction will be recognized in the accounting system. Transaction Cash Basis Date of Recognition Accural Basis Date of Recognition Select One Select One Select One Select One American Airlines collects cash on June 12 from the sale of a ticket to a customer. The flight occurs on August 16. A customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the customer on February 2. On March 30, a customer preorders 10 supreme pizzas (without onions) from Pizza Hut for a birthday party. The pizzas are prepared and delivered on April 2. The company receives cash at the time of delivery. A customer pays in advance for a three-month subscription to Sports Illustrated on July 1. Issues are scheduled for delivery each week from July I through September 30, Select One Select One Select One Select One Record the amount of revenue or expenses to be recognized under both the cash and accural basis of account. Then record the amount that net income is impacted. Cash Basis Accural Basis Effect on P3-1a Revenue Expenses Revenue Expenses Effect on Net Income Net Income Receive cash from customers in advance, 5600 Pay utilities bill for the previous month, $150. Pay for insurance one year in advance, 92.000, Pay workers' salaries for the current month, $800. Incur costs for employee salaries in the current month but do not pay. $1,000 Receive cash from customers at the time of service, S1.700, Purchase office supplies on account, 8330. Borrow cash from the bank, $4,000. Receive cash from customers for services performed last month, S750. Pay for advertising to appear in the current month, S450