You run a small holiday decorating business. You charge $500 to decorate each house. On December 1, two friends pre-pay you (with cash) to decorate their houses. During December, you decorate your friends' houses as well as the houses of three family members. On December 31 you bill your family members for their decorations which they have to pay for by the end of January. Which of the following are correct? Mark all that apply. Under accrual accounting, you recognize $2,500 in revenue for December. Under cash accounting, you recognize $1,000 in revenue for December. Under accrual accounting, you recognize $0 in revenue for December. Under cash accounting, you recognize $0 in revenue for December. Under accrual accounting, you recognize $1,000 in revenue for December. Under cash accounting, you recognize $2,500 in revenue for December.