Notate which of the following are either cash fro or accrual basis of accounting 1. purchased an auto part worth 1k and paid 300. Business records only 300 as the expense 2. paid 250 for prepaid telephone expenses over the next month. Business records it in the current month 3. Purchased an auto part worth 1k and paid 300. Business records 1K as the expense 4. paid 250 for prepaid telephone expenses over the next month. Business records it in the next month