Accrual basis If Marvelous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 1960 Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $60 May 9: Received cash for meals served to customers, $3,860 May 23: Served a banquet on account, $2,150 May 31: Accrued salary expense, $3,780 May 31: Recorded prepaid insurance expired, 5140 if Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. if Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. 2030 CHECKANSWER RESET O Please review your answer and try again