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, $2,100 May 5 Received and paid electricity bill, $100 May 9 Received cash for meals served to customers, $3,720 May 14 Paid cash for kitchen equipment, $3,050 May 23 Served a banquet on account, $1,830 May 31 Made the adjusting entry for rent (from May 1) May 31 Accrued salary expense, $520 May 31 Recorded depreciation for May on kitchen equipment, $780 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 4,150

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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, $2,100 May 5  Received and paid electricity bill, $100 May 9  Received cash for meals served to customers, $3,720 May 14  Paid cash for kitchen equipment, $3,050 May 23  Served a banquet on account, $1,830 May 31  Made the adjusting entry for rent (from May 1)  May 31  Accrued salary expense, $520 May 31  Recorded depreciation for May on kitchen equipment, $780 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  4,150

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Question: 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

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