I need help with this problem Sweet Catering completed the following selected transactions during May 2016 May 5 Received and paid electricity bill, $70 May 9 Received cash for meals served to customers, $1,770 May 23 Served a banquet on account, $1,800 May 31 Accrued salary expense, $3,270 May 31 Recorded prepaid insurance expired, $110 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

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Question: I need help with this problem Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $70 May

I need help with this problem

Sweet Catering completed the following selected transactions during May 2016:
May 5: Received and paid electricity bill, $70 May 9: Received cash for meals served to customers, $1,770 May 23: Served a banquet on account, $1,800 May 31: Accrued salary expense, $3,270 May 31: Recorded prepaid insurance expired, $110

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.

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