15 1 points Problem 3-1A (Algo) Determine accrual-basis and cash-basis revenues and expenses (LO3-1, 3-2) Required: For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period. Accrual Basist Cash-Basis eBook Transaction Revenue Expense Revenue Expense. Print 1. Receive cash from customers in advance of services to be provided, $560 2. Pay utilities bill for the previous period, 5130 $ 560 3. Pay for insurance in advance of the period to be covered, $1,800 130 $ 1,800 References 4. Pay workers' salaries for the current period, $760 6 Receive cash from customers at the time of service, $1,500 7 Purchase office supplies on account, $290 8 Borrow cash from the bank, $3,600 9 Receive cash from customers for services performed in the previous period. $710 10. Pay for advertising to appear in the current period. $410 S 760 $ 760 5. Incur costs for employee salaries in the current period but do not pay, $960 $ 960 $ 1.500 $1,500 $ 710 $ 410 $ 410)