View Policies Current Attempt in Progress Tamarisk, Inc. had the following transactions in May, its first month of business: (a) (b) Calculate profit for May using cash basis accounting. Calculate profit for May using accrual basis accounting, (a) Cash (b) Accrual Transaction Collected $340 cash from customers for services 1 provided in May $ $ 2. 3. Billed customers $640 for services provided in May, Received $140 from customers for services to be provided in June. Purchased $240 of supplies on account. All of the supplies were used in May but were paid for in June. 4. Profit $ e Textbook and Media