2. Near the end of 20X0, JNT Enterprises completes services for a customer and sends an invoice for $500. As of JNT's year end, no payment has been received. If JNT reports 20X0 revenue of $500, it must be using basis accounting. 3. On December 2, 20X1, P&T pays $1,000 to an exterminator for work that will start in January. If P&T reports on its income statement $1,000 for exterminating expense for 20x1, it must be using basis accounting. 4. For each of the following unrelated scenarios, show how much revenue is reported on the income statement for 20X0 under the cash basis v. accrual basis. Cash basis Accrual basis On November 1, 20X0, Alexi Inc. receives $1,800 in rental payments for November, December, and January (5600 per month). MNM caters six lunches in December 20X0. Each of the six customers is invoiced $100, but as of December 31, 20x0, only one has paid. A musician accepts $200 for 8 upcoming weddings. As of December 31, 20X0, the musician has performed at 2 of the 8