Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $240 May 9: Received cash for meals served to customers, $200 May 23: Served a banquet on account, $1,630 May 31: Accrued salary expense, $2,900 e! . May 31: Recorded prepaid insurance expired, $740 si 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. e, Incorrect. Try reviewing the Hint to better u CHECK ANSWER C RESET of this activity