Cash, Modined Cash, and Acerual Basis of Accounting For each journal entry shown below, indicate the accounting method(s) for which the entry would be appropriate. If not appropriate, select "No Entry" from the drop down. If another account would be debited or credited, select it from the drop down. 4. Accounts Receivable Revenue Services performed on account Appropriate Debit Revenue No Entry 5. Prepaid Insurance Cash Purchased prepaid asset 6. Supplies Accounts Payable Purchased prepaid asset 7. Phone Expense Cash Paid phone bill 8. Wages Expense Cash Paid wages for month 9. Accounts Parable 9. Accounts Payable Cash Made payment on account Adjusting Entries: 10. Supplies Expense Supplies 11. Wages Expense Wages Payable 12. Depreciation Expense-Office Equipment Accum. Depr.-Office Equipment or services performed on account, under which accounting method would an entry be made immediately