Problem 1: Identify the account type (revenue or expense) that will results from each transaction. Then, select the date that an expense or revenue would be recorded using Cash basis and Accrual basis accounting. On January 15 th, prepaid for insurance premium to cover the month of February Completed work and billed client on April 4 th. Payment was due and received 20 days later. Sold inventory to a customer December 3rd. Recelved cash at time of sale. On June 10th, paid for equipment repairs that were previously completed on May 25th. Customer prepaid for consulting services on August 12th, Services were completed on September 12 th. On May 4th, sold tickets for a concert to be performed on May 26th. Ind top, inc, is a new buliness that opened on May ist. Analyse the following transactions and record the account names and amounts affected. (Use Sales Revenue account for all revenve)