Revenue recognition – accrual basis vs. cash basis: Ring The Bells, Inc. provides doorbell repair services to

Revenue recognition – accrual basis vs. cash basis: Ring The Bells, Inc. provides doorbell repair services to customers. On April 8th, 2018, Ring the Bells provided services worth $3,010 to customers, all of whom paid in cash. On April 20th, 2018, Ring The Bells, Inc. collected $2,008 in cash from customers for services which will be provided on May 5th. On April 27th, 2018 Ring the Bells provided services worth $6,117 on account to customers, which will not be collected until May 9th. a. Using accrual-basis accounting, how much revenue would Ring the Bells record for April 2018? Briefly explain or show how you got your answer. b. Using cash-basis accounting, how much revenue would Ring the Bells record for April 2018? Briefly explain or show how you got your answer.