Tidys Consulting had the following selected transactions in July: (Click the icon to view the transactions.) Read the requirements July 1 Prepaid insurance for July through September, $2,700 4 Purchased office furniture for cash, $5,500 5 Performed services and received cash, $1,500. 8 Paid advertising expense, $500 11 Performed service on account, $2,700. 19 Purchased computer on account, $2,000. 24 Collected for July 11 service. 26 Paid account payable from July 19 29 Paid salary expense, $900 31 Adjusted for July insurance expense (see July 1). 31 Earned revenue of $700 that was collected in advance back 8 19 26 29 31 31 31 Requirement 2. Compute July income (loss) before tax under each accounting method. in June. 31 Recorded July depreciation expense on all fixed assets $408 PrintDone Income (loss) before tax