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can you explain to me how to go through the accrual method to get the answer please? Chrome Pearson ACT-Sole Proprietorship act personcm con activity/5/1/3
can you explain to me how to go through the accrual method to get the answer please?
Chrome Pearson ACT-Sole Proprietorship act personcm con activity/5/1/3 WENC computerwowo wycie . May 1: Prepaid rent for three months, $1,200 . May 5: Received and paid electricity bill, 580 . May 9: Received cash for meals served to customers, 82,080 May 14: Pald cash for kitchen equipment, $2,560 May 23: Served a banquet on account, $2.910 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, S1,840 . May 31: Recorded depreciation for May on kitchen equipment, 5660 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 1760 i 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 CHECK ANSWER SKIP TO NEXT RESET O Something still needs to be fixed. Check your work and DOLL Step by Step Solution
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