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Cash Basis Amount Accrual Basis Amount Date May 1 of Revenue (Expense) of Revenue (Expense) $ (3,600) $ 0 May 5 $ (250) $
Cash Basis Amount Accrual Basis Amount Date May 1 of Revenue (Expense) of Revenue (Expense) $ (3,600) $ 0 May 5 $ (250) $ (250) May 9 $ 2,700 $ 2,700 May 14 $ (4,200) $ 0 May 23 0 3,300 May 31 rent $ 0 $ (1,200) May 31 salary $ 0 $ (1,100) May 31 depr $ 0 (70) 13 Requirement 2. After completing the table, calculate the amount of net income or net loss for Sweet Catering under the accrual basis and cash basis accounting systems for May. (Use parentheses or a minus sign to indicate a loss.) Cash Basis Amount Net income (loss) Accrual Basis Amount
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