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C The following transactions for Carleton Company ocured during January 2 0 2 0 : 1 . Purchase two - year insurance policy for cash,

C The following transactions for Carleton Company ocured during January 2020: 1. Purchase two-year insurance policy for cash, $8,4004. Paid Utilities bill recieved in December 2019, $450.9. Peformed service account, $1,20016. Paid Bi-monhly salary to employees, $2,70021. Recieved $800 from a costumer on account. 25. Recieved $600 from Janaury 9 transaction. 30, Prepared the adjusting entry for insurnace from Janaury 1 Transaction. 30. Accrued wages of $2,750. Required : show the amount on revenue and expense recognized for each transaction under both accrual basis and cash basis of accounting by completing the charts below. ACCRUAL BASIS Date Revenue Expenses CASH BASIS Date Revenue Expenses

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