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The Oak Lodge had the following selected transactions during August: Aug. 1 Prepaid rent for three months,$3,000 5. Paid electricity expenses $700 9. Received cash

The Oak Lodge had the following selected transactions during August:

Aug. 1 Prepaid rent for three months,$3,000

        5. Paid electricity expenses $700

        9. Received cash for the day's room rentals $1,400

       14. Purchased six television sets $3,000

       23. Served a banquet, receiving a note receivable $1,200

       31. Made the adjusting entry for rent (from Aug. 1)

       31. Accruel salary expense $900

Show how  each transaction would be handled using the cash basis and the accrial basis. Under each  column give the amount of revenue or expense for Aug. Journal entries are not required. Use the followong format for your answer and show your computations,


            Oak Lodge- Amount of  Revenue or expense for Aug. 

Date                                Cash Basis                Accrual Basis           



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