3 0.45 points eBook Print References Consider the following set of transactions occurring during the month of May for Bison Consulting Company. For each transaction, indicate the impact on (1) the balance of cash, (2) cash-basis net income, and (3) accrual-basis net income for May. The first answer is provided as an example. (Negative amounts should be indicated by a minus sign.) (a) (b) (d) (e) In the month of May: Receive $1,500 from customers who were billed for services in April Provide $3,200 of consulting services to a local business. Payment is not expected until June Purchase office supplies for $400 on account. All supplies are used by the end of May. Pay $600 to workers. $400 is for work in May and $200 is for work in April Pay $200 to advertise in a local newspaper in May Totals Cash Balance $ Cash-Basis Accrual-Basis Net Income Net Income 1,500 $ 1,500 $ 0 A

Consider the following set of transactions occumng during the month of May for Bison Consulting Company For each transaction indicate the arpact on ifi the bolance of cash, (2) cash-basts net income, and ( 3 ) accrual basis net income for May The first ancwer is. peovided as an example. (Negntive omounts should be indicnted by o minus sign). Consider the following set of transactions occurnng during the month of Moy for Bison Consulting Company. For each transaction; indicate the impact on (1) the balance of cast, (2) cash-basis net income, and (3) accrual-basis net income for May. The first answer is provided as an example (Negative amounts should be indicated by o minus sign.)