Wa a aa a a 13 a h Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $180 TE 0 May 9: Received cash for meals served to customers, $2,290 May 14: Paid cash for kitchen equipment, $2,100 May 23: Served a banquet on account, $2,220 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, $740 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.

Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,500 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $2,290 - May 14: Paid cash for kitchen equipment, $2,100 - May 23: Served a banquet on account, $2,220 - 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, $740 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. weet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,500 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $2,290 - May 14: Paid cash for kitchen equipment, $2,100 - May 23: Served a banquet on account, $2,220 - 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, $740 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. Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,500 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $2,290 - May 14: Paid cash for kitchen equipment, $2,100 - May 23: Served a banquet on account, $2,220 - 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, $740 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. weet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,500 - May 5: Received and paid electricity bill, $180 - May 9: Received cash for meals served to customers, $2,290 - May 14: Paid cash for kitchen equipment, $2,100 - May 23: Served a banquet on account, $2,220 - 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, $740 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