A company receives $2,400 cash from customers for services to be provided next month. Record the cash receipt using (a) accrual-basis accounting and (b) cash-basis accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the cash receipt using accrual-basis accounting. Note: Enter debits before credits. General Journal Event Debit Credit Cash (a) 2,400 View general journal Record entry Clear entry