Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,800 . May 5: Received and paid electricity bill, $190 May 9: Received cash for meals served to customers, $1,180 May 14: Paid cash for kitchen equipment, $3,700 May 23: Served a banquet on account, $2,780 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $180 May 31: Recorded depreciation for May on kitchen equipment, $590 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. (3490) 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. 2400 CHECK ANSWER SKIP TO NEXT C RESET !Something still needs to be fixed. Check your work and try

veet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,800 - May 5: Received and paid electricity bill, $190 - May 9: Received cash for meals served to customers, $1,180 - May 14: Paid cash for kitchen equipment, $3,700 - May 23: Served a banquet on account, $2,780. - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, $180 - May 31: Recorded depreciation for May on kitchen equipment, $590 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of Moy? 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. Something still needs to be foxed, Check your work and try