Schaad€™s Stews, Inc., completed the following transactions during June, 2012:
Jun 1 Prepaid rent for June through September, $3,600.
2 Purchased computer for cash, $900.
3 Performed catering services on account, $2,300.
5 Paid Internet service provider invoice, $100.
6 Catered wedding event for customer and received cash, $1,500.
8 Purchased $150 of supplies on account.
10 Collected $1,200 on account.
14 Paid account payable from June 8.
15 Paid salary expense, $1,200.
30 Recorded adjusting entry for rent (see June 1).
30 Recorded $25 depreciation on computer.
30 There are $40 of supplies still on hand.
Requirement
1. Show whether each transaction would be handled as a revenue or an expense, using both the accrual and cash basis, by completing the followingtable.

Transcribed Image Text:

Amount of Revenue (Expense) for June Cash-Basis Amount of Revenue (Expense) Accrual-Basis Amount of Revenue (Expense) Date Jun