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That is all the information I got for the problems I posted. Sweet Catering completed the following selected transactions during May 2016: . May 5:
That is all the information I got for the problems I posted.
Sweet Catering completed the following selected transactions during May 2016: . May 5: Received and paid electricity bill, 590 May 9: Received cash for meals served to customers, 560 May 23: Served a banquet on account, $2,540 . May 31: Accrued salary expense, $1,350 May 31: Recorded prepaid insurance expired, 5700 of Sweet Catering had recorded transactions using the Cash method, how much net income foss) 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. Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answers to the questions. The Johnny Flowers Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $1,680 for six months of advertising Johnny Flowers Law Firm recorded $1,680 in the Prepaid Advertising account. Accrual basis if Johnny Flowers Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 287 Enter this value as a positive number Step by Step Solution
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