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.

Accrual-Basis Cash-Basis Revenue Expense Revenue Expense Transaction 1. Receive cash from customers at the time of service, $1,900. 2. Issue common stock for cash, $4,200. 3. Receive cash from customers who were previously billed, $800. 4. Incur utilities cost in the current month but do not pay, $420. 5. Pay workers' salaries for the current month, $520. 6. Pay for rent one year in advance, $1,440. 7. Repay a long-term note to the bank, $1,200. 8. Pay workers' salaries for the previous month, $670. 9. Pay dividends to stockholders, $320. 10. Purchase office supplies for cash, $360