The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $1,770 for six months of advertising. Purple Tulip Law Firm recorded $1,770 in the Prepaid Advertising account. Accrual basis If Purple Tulip Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number. 1,770 Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,780 from cash-paying customers. Secure Home's remaining customers owe the business $1,630. Secure Home recorded $1,780 of service revenue for the year. Cash basis If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 3,410 Momentous Occasions received $1,870 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. Accrual basis If Momentous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $120 May 9: Received cash for meals served to customers, $1,960 May 14: Paid cash for kitchen equipment, $3,460 May 23: Served a banquet on account, $1,660 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,000 May 31: Recorded depreciation for May on kitchen equipment, $100 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 have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. Identify whether each account would appear on the Balance Sheet or the Income Statement. Retained Earnings Supplies Expense Balance Sheet Income Statement tement Notes Payable Building Balance Sheet Balance Sheet Office Supplies Rent Expense Balance Sheet Income Statement