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what is the solution? . May 1: Prepaid rent for three months, 51,200 May 5: Received and paid electricity bill, 5190 May 9: Received cash
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. May 1: Prepaid rent for three months, 51,200 May 5: Received and paid electricity bill, 5190 May 9: Received cash for meals served to customers, 5510 May 14: Paid cash for kitchen equipment, $3,780 May 23: Served a banquet on account, $1,770 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, 5900 May 31: Recorded depreciation for May on kitchen equipment, 5170 of Sweet Catering had recorded transactions using the Cash method, how much net Income (los) 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 (os) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign Step by Step Solution
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