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+ Transaction On Jan 2, business received $4,000 from a customer for a completed service. On Jan 5, business received a maintenance bill of $500

+ Transaction On Jan 2, business received $4,000 from a customer for a completed service. On Jan 5, business received a maintenance bill of $500 from a repair company, which is due in three weeks. On Jan 6, business sold products to a customer for $4,800 on customer's account. On Jan 10, business paid the maintenance bill. On Jan 20, business received $4,800 from the customer who was billed on Jan 6. On Jan 25, business received $2,000 from a customer for a service due in march. On March5, business completed the service prepaid on Jan 25 Cash-Basis Tuesday, Ja 1. For each of the following transactions, identify how they record the transaction in both Cash-l and Accrual-Basis accounting. Transaction On Jan 2, business received $4,000 from a customer for a completed service. On Jan 5, business received a maintenance bill of $500 from a repair company, which is due in three weeks. On Jan 6, business sold products to a customer for $4,800 on customer's account. On Jan 10, business paid the maintenance bill. On Jan 20, business received $4,800 from the customer who was billed on Jan 6. On Jan 25, business received $2,000 from a customer for a service due in march. On March5, business completed the service prepaid on Jan 25 Cash-Basis Accrual-Basis I +

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