Read each scenario decide whether the company is using Cash basis or Accural basis and then enter your answer

The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1 the law firm paid $1,450 for six months of advertising. Blue Nile Law Firm recorded $1,450 in the Prepaid Advertising account. If Blue Nile Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number. 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. As of the end of the year, Safe Home has collected $370 from cash-paying customers. Safe Home's remaining customers owe the business $1,410. Safe Home recorded $370 of service revenue for the year. Cash basis If Safe Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Splendid Occasions received $2,440 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? O Type here to search