For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.

Required: For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual basis accounting and under cash-basis accounting in the current period. Accrual-Basis Cash-Basis Revenue Expense Revenue Expense Transaction 1. Receive cash from customers in advance, $480 2. Pay utilities bill for the previous month. $90. 3. Pay for insurance one year in advance, $1,400 4. Pay workers' salaries for the current month, $680 5. Incur costs for employee salaries in the current month but do not pay $880. 6. Receive cash from customers at the time of service, $1,800, 7. Purchase office supplies on account. $210. 8. Borrow cash from the bank, $2,800. 9. Receive cash from customers for services performed last month, $630. 10. Pay for advertising to appear in the current month, $330