Total Lawn Services earned $ $145$ comma $000$ of service revenue during $2025.$ Of the $ $145$ comma $000$earned$,$ the business received $ $125$ comma $000$ in cash. The remaining$$ amount, $ $20$ comma $000,$ was still owed by customers as of December $31.$ In$$ addition, Total Lawn Services incurred $ $78$ comma $000$ of expenses during the year. As of December $31,$ $ $15$ comma $000$ of the expenses still needed to be paid. In$$ addition, Total Lawn Services prepaid $ $6$ comma $000$ cash in December $2025$ for expenses incurred during the next year.

Determine the amount of service revenue and expenses for $2025$ using a cash basis accounting system.

Determine the amount of service revenue and expenses for $2025$ using an accrual basis accounting system.

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Part $1$

$1.$ Determine the amount of service revenue and expenses for $2025$ using a cash basis accounting system.

Cash basis

Service revenue

Expenses

Part $2$

$2.$ Determine the amount of service revenue and expenses for $2025$ using an accrual basis accounting system.

Accrual basis

Service revenue

Expenses