var velous occasions receiveu P1,070 Tor Services to be perlomeu Tor Lule Text O MONTLIIS ON VAICI SI and recordeu curs transaction using the Unearned Revenue account. If Marvelous 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, $2,100 May 5: Received and paid electricity bill, $140 May 9: Received cash for meals served to customers, $980 May 14: Paid cash for kitchen equipment, $3,010 May 23: Served a banquet on account, $2,140 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $380 May 31: Recorded depreciation for May on kitchen equipment, $80 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. Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Johnny Flowers Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $2,140 for six months of advertising. Johnny Flowers Law Firm recorded $2,140 in the Prepaid Advertising account. 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 28? Enter this value as a positive number. Safe 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, Safe Home has collected $3,820 from cash-paying customers. Safe Home's remaining customers owe the business $630. Safe Home recorded $3,820 of service revenue for the year. If Safe Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Marvelous Occasions received $1,890 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account