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Total Spa Services earned $155,000 of service revenue during 2018. Of the S155,000 earned the business received 5127,000 in cash. The remaining amount $28,000, was

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Total Spa Services earned $155,000 of service revenue during 2018. Of the S155,000 earned the business received 5127,000 in cash. The remaining amount $28,000, was still owed by customers as of December 31. In addition, Total Spa Services incurred $88,000 of expenses during the year. As of December 31, 513,000 of the expenses still needed to be paid. In addition, Total Spa Services prepaid $11,000 cash in December 2018 for expenses incurred during the next year. 1. Determine the amount of service revenue and expenses for 2018 using a cash-basis accounting system 2. Determine the amount of service revenue and expenses for 2018 using an accrual-basis accounting system. 1. Determine the amount of service revenue and expenses for 2018 using a cash-basis accounting system Cash basis Expenses Service revenue

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