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help if sweet catering had recorded transaction using the cash method how much is net income would they have recorded month of may May 1:
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May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bHI, 590 May 9: Received cash for meals served to customers, 52,950 May 14: Paid cash for kitchen equipment, 53,150 May 23: Served a banquet on account, $1,870 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, 53,630 . May 31: Recorded depreciation for May on kitchen equipment, $250 of 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 foss) 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 transaction using the cash method how much is net income would they have recorded month of may
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