Understanding the Cash versus Accrual basis Glossary HINY Activity La-Identifying Differences between Cash and Accrual Basis Read each scenario and fill in the cash basis/Accrual basis table. Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $900 for six months of advertising ca Cat Tapete 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. On December 31, Seashore Home has collected $400 from cash-paying customers. Seashore Home's remaining customers owe the business $1,000 Ch Carved Tevensonder Momentous Occasions received $1,800 for services to be performed for the next 8 months on March 31. To Becorded