Q A company produces high-quality apple strudel that is distributed to shops in Hotels. On July 1, the company purchased the raw materials to make the apple strudel. On July 15, the process was complete, and the product was stored in the freezer ready to ship to customers. On July 31, A hotel chain ordered 200 pounds of apple strudel. On August 1, the company delivered the apple strudel to the hotel chain. The company was paid on August 10. The hotel chain sold all the apple strudels between August 5 and August 12. When will the company record the revenue from the sale to the hotel chain, if i. it uses accrualbasis accounting, and ii. it uses cashbasis accounting. Explain your answeR