Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, 51,800 May 5: Received and paid electricity bill, 550 May 9: Received cash for meals served to customers, 590 May 14: Paid cash for kitchen equipment, 53,530 May 23: Served a banquet on account, 51,750 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, 52,910 May 31: Recorded depreciation for May on kitchen equipment, $240 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 (loss) would they have recorded for the month of May? or there is a loss, enter it with parentheses or a negative sign The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $3,500 for six months of advertising. Purple Tulip Law Firm recorded $3,500 in the Prepaid Advertising account. if Purple Tulip Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Seashore Home has collected $2,490 from cash-paying customers. Seashore Home's remaining customers owe the business 5470. Seashore Home recorded $2.490 of service revenue for the year. it Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Splendid Occasions received 5710 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. if Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $230 May 9: Received cash for meals served to customers, 52,630 May 14: Paid cash for kitchen equipment, $2,340 May 23: Served a banquet on account, $2,740 May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, 53,740 May 31: Recorded depreciation for May on kitchen equipment, 5770 . . if Sweet Catering had recorded transactions using the Cash metod, 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 of Sweet Catering had recorded transactions using the Accrual 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
