Required: For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period. Transaction Cash-Basis Accrual Basis Revenue Expense Revenue Expense 1 Receive cash from customers in advance of services to be provided, $600. 2 Pay utilities bill for the previous period, $150 3. Pay for insurance in advance of the period to be covered, $2.000 4. Pay workers' salaries for the current period, $800 5. Incur costs for employee salaries in the current period but do not pay, $1,000 6 Receive cash from customers at the time of service, $1,700 7 Purchase office supplies on account, $330. 8. Borrow cash from the bank, $4,000 9. Receive cash from customers for services performed in the previous period, $750. 10. Pay for advertising to appear in the current period, $450