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, $200

May 9: Received cash for meals served to customers, $2090

May 14: Paid cash for kitchen equipment, $3,110

May 23: Served a banquet on account, $2,260

May 31: Made the adjusting entry for rent (from May 1).

May 31: Accrued salary expense, $620

May 31: Recorded depreciation for May on kitchen equipment, $520

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

Sweet Catering completed the following selected transactions during May 2016: I May 1: Prepaid rent for three months, $2,100 I May 5: Received and paid electricity bill, $200 I May 5: Received cash for meals served to customers, $2,090 I May 14: Paid cash for kitchen equipment, $3,110 I May 23: Served a banquet on account, $2,260 I May 31: Made the adjusting entry for rent (from May 1). I May 31: Accrued salary expense, $620 I May 31: Recorded depreciation for May on kitchen equipment, $520 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. 3320 If Sweet Catering had recorded transactions using th Accrual method ow 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. .2320 g