Read each scenario and fill in the Cash basis/Accrual basis table. Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $900 for six months of advertising. Cash Basis Accrual Basis Cash Payment Expenses Recorded Total Expenses Recorded Safe 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, Safe Home has collected $700 from cash-paying customers. Safe Home's remaining customers owe the business $1,600. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded Splendid Occasions received $2,600 for services to be performed for the next 8 months on March 31 Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded