Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $4,200 for six months of advertising. Cash Basis Accrual Basis Cash Payment Expenses Recorded Total Expenses Recorded Seashore 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, Seashore Home has collected $700 from cash-paying customers. Seashore Home's remaining customers owe the business $1,100. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded Momentous Occasions received $1,600 for services to be performed for the next 8 months on March 31. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded