Read each scenario and fill in the Cash basis/Accrual basis table. Orange Lily Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $3,150 for six months of advertising. Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. On December 31, Seashore Home has collected $800 from cash-paying customers. Seashore Home's remaining customers owe the business $1,300. Marvelous Occasions received $2,400 for services to be performed for the next 8 months on March 31 . Delicious Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, \$3,000 - May 5: Received and paid electricity bill, $110 - May 9: Received cash for meals served to customers, $2,800 - May 14: Paid cash for kitchen equipment, $3,700 - May 23: Served a banquet on account, $2,300 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, \$1,300 - May 31: Recorded depreciation for May on kitchen equipment, $360