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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 : Purchase twoyear insurance policy for cash, $ Paid Utilities bill recieved in December $ Peformed service account, $ Paid Bimonhly salary to employees, $ Recieved $ from a costumer on account. Recieved $ from Janaury transaction. Prepared the adjusting entry for insurnace from Janaury Transaction. Accrued wages of $ 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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