1. Revenue recognition accrual basis vs. cash basis: Ring The Bells, Inc. provides doorbell repair services to customers. The accountant for Ring The Bells noted the following events which took place during April, 2018:

• On April 1^st, provided services worth $1,000 to customers. Customers paid $200 in cash on April 1^st, the remaining $800 will be collected in May.
• On April 6^th, received $440 in cash in advance from customers for services which will be provided on May 13^th, 2018.
• On April 20^th, provided $915 worth of services to customers on account. Cash payment for these services will not be collected until May.
• On April 24^th, Ring the Bells collected $360 in cash from customers for services that had already been provided on account in March, 2018.
  1. Using cash-basis accounting, how much revenue would Ring the Bells record for April 2018? Briefly explain or show how you got your answer.
  2. Using accrual-basis accounting, how much revenue would Ring the Bells record for April 2018? Briefly explain or show how you got your answer.