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5. A hot-dog vendor sells hot dogs for $.90 each on the corner of Court and Union streets. On Monday, three regular customers forgot to

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5. A hot-dog vendor sells hot dogs for $.90 each on the corner of Court and Union streets. On Monday, three regular customers forgot to bring their wallets with them and did not pay for their hot dogs (one per customer) until Tuesday. On Tuesday the hot-dog vendor sold a total of 300 hot dogs including 40 hot dogs purchased by a regular customer who promised to bring a check for the hot dogs on Wednesday. a. If the vendor uses the cash-basis of accounting, revenue for Tuesday is $270. b. If the vendor uses accrual-basis accounting, revenue is $300 for Tuesday c. If the vendor uses accrual-basis accounting, revenue for Tuesday is $270. d. If the vendor uses cash-basis accounting, revenue for Tuesday is $234. e. Both (e) and (d) are correct

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