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I need to know HOW to solve this. Need to know what to add or subtract together to get the answer for cash method as
I need to know HOW to solve this. Need to know what to add or subtract together to get the answer for cash method as well as accrual method as well as the correct answers for both.
Splendid occasions had recorded their service revenue usin the other method haw much service revenue would they bave recorded for the year sweet catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, S2.700 May 5. Received and paid electricity bill, s120 May 9: Received cash for meals served to customers, $3,510 May 14: Paid cash for kitchen equipment, $3,470 May 23: served a banquet on account, $2,730 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $170 May 31: Recorded depreciation for May on kitchen pment, s270 lfsweet catering had recorded transactions using the cash method how much net income (loss would they have recorded for the month of May? ifthere is a loss, enterit with parentheses or a negative sign. ifsweet Catering had recorded transactions using the Acrnuail method how much net income (lossi would they have recorded for the month of May? f there isaloss, enter it with parentheses or a negative e RESET 0 incorrect. Try reviewing the Hint ta better under CHECKStep by Step Solution
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