Use the following transactions to answer questions 17-19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you. Example: Purchased office supplies for cash, $440 example 17. 18. 19. Transaction Purchased office supplies for cash, $440 (no accrued expense, hasn't been used yet...cash flowed for the operating cost so it's a cash expense) Issue common stock for $10,000 cash Received $5,000 cash from customers who were previously billed. Pay $12,000 in workers' salaries for the current month. Accrual-basis Cash-basis Revenue Expense Revenue Expense $0 $0 $0 $440 +