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Knowledge Check 01 Use the drop-down menus to indicate whether each of the following events would be recorded as revenues at the time it happens under the accrual-basis and cash-basis accounting methods. Accrual-Basis Cash-Basis Event October: Receive cash in advance from customers for services to be performed in November November: Receive cash for services performed in November. November. Perform services for customers who paid in advance during October. e following events would be recorded as revenues at the time it happens ds. Accrual-Basis performed in November Cash-Basis + ang October Record revenue Do not record revenue 5 6 7 of 38 Next > Help Save & Exit Submit Check my work would be recorded as revenues at the time it happens Accrual-Basis Cash-Basis Record revenue Do not record revenue Next @ 06:40