dany 2020 are as follows Ice policy for Cash $1,800. Cash Basis Versus Accrual Basis Accountury The following transactions for January 2020 aue as Jan1 Purchased a two-year insurance policy for cash. 9 Performed a service on account $ 800. 16 paid wages to employees $950. 18 Completed a job for a Customer and Colleded. $ 600 Cash. 23 collected $500 of the amount owned from May 30 Accoued wages of $ 650. Using the Cash Basts of accounting. Calculate the net Income (Loss) for January 2000 . - using Accrual Basis of accounting, calculate the Net income Class) for January 2006