Total Lawn ServicesTotal Lawn Services earned $ $140$ comma $000$$$140,000$ of service revenue during $20252025.$ Of the $ $140$ comma $000$$$140,000$earned$,$ the business received $ $110$ comma $000$$$110,000$ in cash. The remaining$$ amount, $ $30$ comma $000$$$30,000,$ was still owed by customers as of DecemberDecember $3131.$ In$$ addition, Total Lawn ServicesTotal Lawn Services incurred $ $90$ comma $000$$$90,000$ of expenses during the year. As of DecemberDecember $3131,$ $ $13$ comma $000$$$13,000$ of the expenses still needed to be paid. In$$ addition, Total Lawn ServicesTotal Lawn Services prepaid $ $3$ comma $000$$$3,000$ cash in DecemberDecember $20252025$ for expenses incurred during the next year.

$1.$

Determine the amount of service revenue and expenses for $20252025$ using a cash basis accounting system.

$2.$

Determine the amount of service revenue and expenses for $20252025$ using an accrual basis accounting system.

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Part $1$

$1.$ Determine the amount of service revenue and expenses for $20252025$ using a cash basis accounting system.

Cash basis

Service revenue

Expenses