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

MayMay

$1$ transaction has been completed as an example. $($Enter $"0"$ for any transactions that do not affect revenues or$$ expenses.$)$

Part $2$

Amount of Revenue $($Expense$)$ for May

$$

Cash Basis Amount

Accrual Basis Amount

Date

$$

of Revenue $($Expense$)$

of Revenue $($Expense$)$

May $1$

$$

$$(2,100)$

$$0$

May $5$

$$(250)$

$$(250)$

May $9$