t K Masters Consulting had the following selected transactions in May: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Show how each transaction would be handled using the cash basis and Under each column, give the amount of revenue or expense for May using the cash basi parentheses or a minus sign when entering expenses or losses. Round your answers to Amount of Revenue (Expense) for May Cash Basis Revenue or (Expense) May Date 4 (3,900) $ Accrual Basis Revenue or (Expense) 0 More info May May May May May May May May May May May May 1 4 5 8 11 19 24 26 29 31 31 31 Prepaid insu Purchased c Performed s Paid advertis Performed s Purchased c Collected for Paid account Paid salary e Adjusted for Earned reven back in April. Recorded Ma $108. Pri

Masters Consulting had the following selected transactions in May: (Click the icon to view the transactions.) Read the requirements. More info Requirement 1. Show how each transaction would be handled using the cash basis and Under each column, give the amount of revenue or expense for May using the cash basi parentheses or a minus sign when entering expenses or losses. Round your answers to Awwer the follhwing questions aboul prepaid axpenses: ampunts lo the acopunts and show their balances at Becember 91 Assume ng beginning bolance in supples Prepare the ad ustre jeurhal erey iu recert the supglies eapense at Decemcer 3 ! Inianal Fniry Numer the folgeing quetlons about trepaid expenses Repere toe af istirg kumai enty in thoord the bucples expense at Decemter at. Masters Consulting had the following selected transactions in May: (Click the icon to view the transactions.) Read the requirements. More info Requirement 1. Show how each transaction would be handled using the cash basis and Under each column, give the amount of revenue or expense for May using the cash basi parentheses or a minus sign when entering expenses or losses. Round your answers to Awwer the follhwing questions aboul prepaid axpenses: ampunts lo the acopunts and show their balances at Becember 91 Assume ng beginning bolance in supples Prepare the ad ustre jeurhal erey iu recert the supglies eapense at Decemcer 3 ! Inianal Fniry Numer the folgeing quetlons about trepaid expenses Repere toe af istirg kumai enty in thoord the bucples expense at Decemter at