Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $1,800 for six months of advertising. Cash Basis Accrual Basis Cash Payment January 1 January 1 Expenses Recorded Total Expenses Recorded Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. On December 31, Secure Home has collected $500 from cash-paying customers. Secure Home's remaining customers owe the business $1,700. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded