The following data are taken from the cash-basis accounting records of N6q Company for the year ended December 31, 20X1:

Selected Data as of December 31, 20X1
Cash collections in 20X1 for accounts billed in 20X1	300
Cash collections in 20X1 for accounts billed in 20X0	20
Customers billed in 20X1 for services provided	$125
Cash paid for utility incurred in 20X1	30
Cash paid for supplies purchased in 20X0	65
Cash paid on May 1, 20X1 for annual rent from May 1, 20X1 to April 30, 20X2	18

Required: Please choose the best answer to the following questions based on the above information.

What is the amount of revenues under cash-basis accounting in 20X1?

multiple choice 1

• $125

• $320

• $300

• $445

What is the amount of expenses under cash-basis accounting in 20X1?

multiple choice 2

• $113

• $95

• $42

• $48

What is the amount of expenses under accrual-basis accounting in 20X1?

multiple choice 3

• $95

• $48

• $42

• $113