If Marvelous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 2320 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,100 May 5: Received and paid electricity bill, $70 May 9: Received cash for meals served to customers, $110 May 14: Paid cash for kitchen equipment, $2,670 May 23: Served a banquet on account, 52,850 May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $1,220 May 31: Recorded depreciation for May on kitchen equipment, $700 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. If Sweet Catering had recorded transactions using the Accrual method. Ihow 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. CHECK ANSWER RESET D incorrect. Try reviewing the Hint to better understand the goal of this activity. 101 o e o