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In the columns below, insert the entry that would be made for each transaction under each accounting basis, using appropriate debit and credit account titles.

1.	Performed services on account.
2.	Supplies are partly used.
3.	Purchased one-year insurance policy for cash.
4.	Received bill for electricity.
5.	Depreciation on equipment.
6.	Purchased equipment on account.
7.	Paid cash for wages.
8.	Paid for equipment purchased on account.
9.	Performed services for cash.
10.	Paid cash for new equipment.

	Cash Basis	Modified Cash Basis	Accrual Basis
	Debit	Credit	Debit	Credit	Debit	Credit
1.	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees
2.	CashNo EntryNotes PayableSuppliesSupplies Expense	CashNo EntryNotes PayableSuppliesSupplies Expense	CashNo EntryNotes PayableSuppliesSupplies Expense	CashNo EntryNotes PayableSuppliesSupplies Expense	CashNo EntryNotes PayableSuppliesSupplies Expense	CashNo EntryNotes PayableSuppliesSupplies Expense
3.	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance	Accounts ReceivableCashInsurance ExpenseNo EntryPrepaid Insurance
4.	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense	Accounts PayableAccounts ReceivableNo EntrySuppliesUtilities Expense
5.	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentInterest ExpenseNo Entry
6.	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry	Accounts PayableAccumulated Depreciation-EquipmentDepreciation Expense-EquipmentEquipmentNo Entry
7.	Accounts PayableAccounts ReceivableCashNo EntryWages Expense	Accounts PayableAccounts ReceivableCashNo EntryWages Expense	Accounts PayableAccounts ReceivableCashNo EntryWages Expense	Accounts PayableAccounts ReceivableCashNo EntryWages Expense	Accounts PayableAccounts ReceivableCashNo EntryWages Expense	Accounts PayableAccounts ReceivableCashNo EntryWages Expense
8.	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry	Accounts PayableAccounts ReceivableCashEquipment ExpenseNo Entry
9.	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees	Accounts PayableAccounts ReceivableCashNo EntryProfessional Fees
10.	Accounts PayableCashEquipmentEquipment ExpenseNo Entry	Accounts PayableCashEquipmentEquipment ExpenseNo Entry	Accounts PayableCashEquipmentEquipment ExpenseNo Entry	Accounts PayableCashEquipmentEquipment ExpenseNo Entry	Accounts PayableCashEquipmentEquipment ExpenseNo Entry	Accounts PayableCashEquipmentEquipment ExpenseNo Entry