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Cher's Catering completed the following solected transactions during May 2024 : (1) Cick the icon to view the transactions) Read the tequirements Requirement 1. Show

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Cher's Catering completed the following solected transactions during May 2024 : (1) Cick the icon to view the transactions) Read the tequirements Requirement 1. Show whether each transaction would be handled as a tevenue of an expenso using both the cash basis and accrual basis accounting syatems by completing the tablo provided. (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction has boen comploted as an exarnple. (Enter "o" for any transactions that do not affect revenues or expenset) or a minus sign to indicate a losic)

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