Required: For each transaction determine the amount of revenue or expense, if any, that is recorded under accrual-bosis accounting and under Cash-basis accounting in the current penod Accrual Basis Danh mu Revenue Expense Revenue Expense Transaction 1 Recene cash from customers in advance 5500 2. Pay utilities bill for the previous month 5100 Pay to insurance one year in advance $1 500 4 Pay workers salanes for the current month 5700 5 Incur costs for employee salaries in the current month but do not pay 5900 Receve cash from customers at the time of service. $1200 Purchase office supplies on account $230 Borrow cash from the bank $3000 Receive cash tom customers for services performed last month $050 10 Pay forstvertising to appear in the current month $350 Ass