Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Blue Nite Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $2.440 for six months of advertising, Blue Nile Law Firm recorded 52.440 in the Prepaid Advertising account. if Blue Nile Law Firm had recorded their expenses using the other method, how much vertising expense would they have recorded for the months ending February 28 Enter this value as a persivember 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 5290 from cash-paying customers. Seashore Home's remaining customers owe the business 53.990, Seashore Home recorded 5290 of service revenue for the year. If Seashore Homelad recorded their service revenue using the other method how much service revenue would they have recorded for the year! Momentous Occasions received so for services to be performed for the next month on March 31 and recorded this transaction using the Uneared Revenue account. if Momentos Occinions had recorded their service revenue using the other method, hon much service revenue would they have recorded for the year Sweet Catering completed the following selected transactions during May 2016 May 1: Prepaid rent for three months, 53.000 May 5: Received and paid electricity bill, 5100 May 9: Received cash for meals served to customers, 51.290 May 14: Pald cash for kitchen equipment, 52,620 May 31 Made the trusting entry for rent from May 1). May 1: Recorded depreciation for Mayon kitchen equipment, 5230 Sweet Catering had recorded transactions using the Cash method, how much net Income Joss would they have recorded for the month of May? If there is a loss, enterit with parenthests or a negative Sweet Caring had recorded transactions using the Anal method how much Income dos would they have recorded for the month of May if there is a loss, enterit with parentheses or a negative 2 Identify whether each account would appear on the Balance Sheet or the Income Statement. 00 Salaries (and Wages) Payable Land Equipment Prepaid Insurance Delivery Expense Accumulated Depreciation - Office Furniture