Required For each ransaction, determine he amount o revenue or expense, any that is recorded under accrual-bas accounting and under cash-bass accounting Accrual-Basis Cash-Basis Transaction Revenue Expense Revenue Expense 1. Receive cash from customers at the time of service, $2,700. 2. Issue common stock for cash, $5,000. 3. Receive cash from customers who were previously billed, S1,200. 4. Incur utilities cost in the current month but do not pay, $500. 5. Pay workers' salaries for the current month, $600. 6. Pay for rent one year in advance, $2,400. 7. Repay a long-term note to the bank, $2,000 8. Pay workers' salaries for the previous month, $750 9. Pay dividends to stockholders, $400 10. Purchase office supplies for cash, $440