Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,400 May 5:Received and paid electricity bill, $200 May 9: Received cash for meals served to customers, $420 May 14:Paid cash for kitchen equipment, $3,110 . May 23: Served a banquet on account, $2,600 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $170 May 31: Recorded depreciation for May on kitchen equipment, $470 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 haw recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign 2 Type here to search