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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

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, how much net income (loss) would they have recorded for the month of May? image text in transcribed

May 1: Prepaid rent for three months, $1,200 May 5: Received and paid electricity bill, $90 May 9: Received cash for meals served to customers, $2,110 May 14: Paid cash for kitchen equipment, $2,070 May 23: Served a banquet on account, $2,540 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $280 May 31: Recorded depreciation for May on kitchen equipment, $52

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