4. Selected transactional data of a business are summarized below. Determine the following amounts for August: (30 pts) HINT: the amounts can be revenue or expense under both methods, depending on the description of the transaction. 5. Are adjusting entries used in a cash-basis or accrual-basis accounting system? (5 pts) Identify one type of adjusting entry and the reason that type of adjusting entry needs to be made. (15 pts)