The following transactions for Carleton Company occurred during January $2020$:

Purchased a two$-$year insurance policy for cash, $$8,400.$

Paid utilities bill received in December $2019,$ $$450.$

Performed a service on account, $$1,200.$

Paid bimonthly salary to employees, $$2,700.$

Received $$800$ from a customer on account.

Received $$600$ from January $9$ transaction.

Prepared the adjusting entry for insurance from January $1$ transaction.

Accrued wages of $$2,750.$

Required: Show the amount of revenue and expense recognized for each transaction under both the accrual basis and the cash basis of accounting by completing the charts below. $(10$ Marks$)$

ACCRUAL BASIS

$\backslash$table$[[$Date$,$Revenue,Expense$],[,,],[,,],[,,],[,,],[,,]]$

CASH BASIS

$\backslash$table$[[$Date$,$Revenue,Expense$],[,,],[,,],[,,],[,,],[,,]]$