Activity 1.a - Identifying Differences between Cash and Accrual Basis Read each scenario and fill in the Cash basis/Accrual basis table. Orange Lily Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $1,800 for six months of advertising. Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the iob is finished Some customers ask that the business send them a bill. On December immediately after the job is finished. Some customers ask that the business send them a bill. On December 31, Seashore Home has collected $300 from cash-paying customers. Seashore Home's remaining customers. owe the business $1,000. Momentous Occasions received $3,000 for services to be performed for the next 8 months on March 31