ACT-Corporations-Google Chrome e https/ com/activity/5/1/3 weet Catering completed the following selected transactions during May 2016: May 1:Prepaid rent for three months, $1,200 May 5:Received and paid electricity bill, $230 May 9: Received cash for meals served to customers, $430 May 14: Paid cash for kitchen equipment, $3,830 May 23: Served a banquet on account, $1,780 May 31:Made the adjusting entry for rent (from May 1) May 31: Accrued salary expense, $1,030 May 31: Recorded depreciation for May on kitchen equipment, $680 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. 3830 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 4690 CHECK NSWER C RESET I u s Something still needs to be fixed Check your work and try ag O Type here to search