Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answers to the questions The Johnny Flowers Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $1,150 for six months of advertising. Johnny Flowers Law Firm recorded 51,150 in the Prepaid Advertising account. Accrual basis if Johnny Flowers Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 287 Enter this value as a positive number. Marvelous Occasions received $1,560 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. Accrual bass if Marvelous 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 5: Received and paid electricity bill, 5210 May 9: Received cash for meals served to customers, 5270 May 23: Served a banquet on account, $2,760 . May 31: Accrued salary expense, $3,340 . May 31: Recorded prepaid insurance expired, 5120 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 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