May 1: Prepaid rent for three months,$1,800 May S: Received and paid electricity bill, s80 May 9: Received cash for meals served to customers, $2,170 May 14: Paid cash for kitchen equipment, $3,800 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, $1,600 May 31: Recorded depreciation for May on kitchen equipment, $580 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? If there is a loss, enter it with parentheses or a negative sign C RESET 0 Incorrect. Try reviewing the Hint to better understand the goa CHECK