This is all part of the same problem. I promise I will leave a comment and like!! Thank you!!

Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $300 for six months of advertising, Blue Nile Law Firm recorded $300 in the Prepaid Advertising account. If Blue Nile Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Seashore Home has collected $1,980 from cash paying customers. Seashore Home's remaining customers owe the business $2,250. Seashore Home recorded $1,980 of service revenue for the year. if Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $300 for six months of advertising. Blue Nile Law Firm recorded $300 in the Prepaid Advertising account. If Blue Nile Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore Home provides house sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Seashore Home has collected $1,980 from cash-paying customers. Seashore Home's remaining customers owe the business $2,250, Seashore Home recorded $1,980 of service revenue for the year. if Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Momentous Occasions received $1,970 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. if Momentous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, S1,500 May 5: Received and paid electricity bill, 570 May 9: Received cash for meals served to customers, $2,820 May 14: Paid cash for kitchen equipment, $2,890 May 23: Served a banquet on account, $2,680 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $3,400 May 31: Recorded depreciation for May on kitchen equipment, 5630 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign 2 Identify whether each account would appear on the Balance Sheet or the Income Statement. Rent Payable Unearned Revenue Accounts Payable Accumulated Depreciation - Building Accumulated Depreciation - Furniture Supplies Expense 3 Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account Depreciation for the current year includes Equipment. $1,300. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $6,700. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Customers were billed for $900 for work completed. The Service Revenue unadjusted balance as of December 31 is $5,700. Adjustment Type: Accounts Receivable Service Revenue Used office supplies of $4,820. The Office Supplies unadjusted balance on December 31 is $9,900 Adjustment Type: Supplies Expense Office Supplies Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! Deprecation for the current year indudestquipment, 54200 Date Accounts and Explanation Dec Deb Credit Used Office Supplies of 1.200 Date Accounts and Explanation Debit Credit Completed services that were paid for six months earlier, 55,100 Date Accounts and explanation Debit Credit