popuer meu Concept Exercise - Chaptx Pharon ACT Corporatie x Citation in APA https://act personemg.com/activity/5/13 FLAG POLES Omel Youtube Maps Translate Logos - Safie Moe Tople: Discussion 3 Ape AOL Mail 3470 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, 53,000 May 5: Received and paid electricity bill, 5130 May 9: Received cash for meals served to customers, 52,400 May 14: Paid cash for kitchen equipment, 53,370 May 23: Served a banquet on account, $1,790 . May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, 580 May 31: Recorded depreciation for May on kitchen equipment, $320 If Sweet Catering had recorded transactions using the Cash method, how much net income foss) would they have recorded for 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 the month of May? If there is a loss, enter it with parentheses or a negative sign CHECK ANSWER SKIP TO NEXT RESET O Please review your answer and try again C202 80 3 888 14 90 16 $ % open 3470 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $3,000 May 5: Received and paid electricity bill, $130 May 9: Received cash for meals served to customers, $2,400 May 14: Paid cash for kitchen equipment, $3,370 May 23: Served a banquet on account, $1,790 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $80 May 31: Recorded depreciation for May on kitchen equipment, $320 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. RESET O Please review your answer and try again. CHECK ANSWER SKIP TO NEXT