Read each scenario. decide whether the company is using Cash basis or Accrual basis. and then enter your answer to the question. The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1. the law rm paid $3,190 {or six months ofadvertlsing. Blue Nile LawI Firm recorded $3,190 in the Prepaid Advertising account. If Blue Nile Law Firm had recorded their expenses using the other method. how mu ch advertising expense would they have recorded for the two months ending February 23? Enter this value as a positive number. Safe Ho me provides house-sitting for people while they are away on vacation. Some oflts customers pay immediately after the job is nished. Some customers ask that the business send them a bill. As of the end ofthe year, Safe Home has collected $1,630 from cash-paying customers. Safe Home's remaining customers owe the business $1.680. Safe Home recorded $1.630 of service revenue for the year. If Safe Home had recorded their service revenue using the other method. hov.I much service revenue would they have recorded for the year? Splendid Occasions received $1.800 tor services to he performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. If Splendid Occasions had recorded their service revenue using the other method. how much service revenue would they have recorded for the year? Sweet Catering completed the [allowing selected transactions during M ay 201 6: May 1: Prepaid rent ior three months. $1.800 May 5: Received and paid electricity hill. $230 May 9: Received cash [or meals served to customers. $2.490 May 14: Paid cash for kitchen equipment. $3190 May 23: Served a banquet on account. $1,250 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense. $1.390 May 312 Recorded depreciation [or 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