Application of the Revenue and Expense recognition principles under the Accrual Basis of accounting and the Cash Basis of accounting. Determine if the event described is a revenue event or an expense event given application of both the Accrual Basis of accounting and the Cash Basis of accounting. Enter the dollar amount of revenue or expense in the appropriate box. 1. Received a deposit of $200 from a customer for services that we will complete next month. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 2. Received the utility bill in the mail. It is from Westar for $466. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 3. Paid the above utility bill with a check. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 4. Did $275 of work for a customer that asked if we would send them a bill later. We agreed to send them a bill Accrual Basis of Accounting Cash Basis of Accounting Revenue Revenue Expense 5. The above customer pays by sending us a check that we receive in the mail. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 6. A customer that was short of cash asks if we will do the work they need done and accept an old car they have as payment. We like old cars and agree to do the work in exchange for the old car. We then completed all of the work. The work was to pay us $1,260 before this agreement Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 7. Performed numerous services for a customer that pays us with $237 cash after the services are completed Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 8. Performed the services for the customer in transaction #1. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 9. Wrote a check for a new file cabinet for the office at Office Max for $120. Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense 10. The freight company just sent us the bill for the freight cost on goods sent to a customer on an FOB destination agreement in the amount of $46. We will pay the bill in two weeks Accrual Basis of Accounting Revenue Expense Cash Basis of Accounting Revenue Expense