Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January , the law firm paid $2,440 for six months of advertising. Purple Tulip Law Firm recorded $2,440 in the Prepaid Advertising account. If Purple Tulip Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Seashore Home has collected $1,090 from cash-paying customers. Seashore Home's remaining customers owe the business $2,970. Seashore Home recorded $1,090 of service revenue for the year If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 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