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Secure 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

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Secure 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, Secure Home has collected $1,020 from cash-paying customers. Secure Home's remaining customers owe the business $1,420. Secure Home recorded $1,020 of service revenue for the year. Cash bay If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 2,200 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,100 May 5: Received and paid electricity bill, 5110 May 9: Received cash for meals served to customers, 5830 May 14: Pald cash for kitchen equipment, $2,270 May 23: Served a banquet on account, $2,090 May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $1,280 May 31: Recorded depreciation for May on kitchen equipment, $390 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: -3220 If Sweet Catering had recorded transactions using the Accrual method, how much net income foss) would they have recorded for the month of May? if there is a loss, enter it with parentheses or a negative sign -2530

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