It's Just Lunch, the business featured at the beginning of this chapter, uses computer databases to help its clients meet each other. Suppose It's Just Lunch paid $2,900 for a Dell computer. Review pages 00 and 00, and then describe how It's Just Lunch would- account for the $2,900 expenditure under

(a) the cash basis and

(b) the accrual basis. State in your own words why the accrual basis is more realistic for this situation.