The James Bay Manufacturing Company (JBMC) received a bill for $1,310 on the last day of April for online advertising used in the month of April. JBMC will be paying this bill within 30 days as per the standard credit terms with this vendor. What amount of expense would be recorded when the bill is received under both the accrual basis and cash basis of accounting? accrual basis $0; cash basis $0 accrual basis $1,310; cash basis $1,310 accrual basis $1,310; cash basis $0 accrual basis $0 : cash basis $1,310