Question: these are two separate questions the first second and forth one are all one question and the 3rd one is its own question. im having

 these are two separate questions the first second and forth oneare all one question and the 3rd one is its own question.im having troubles with them Course: Bookkeeping and Financial Accounting-Level 1, revenuefor the year. Do Homework- Chapter 1 Tutorial Cash basis If Safe

these are two separate questions the first second and forth one are all one question and the 3rd one is its own question.

im having troubles with them

Course: Bookkeeping and Financial Accounting-Level 1, revenue for the year. Do Homework- Chapter 1 Tutorial Cash basis If Safe Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 3460 Marvelous Occasions received $2,230 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account. Accrual basis If Marvelous Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 2230 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,800 . May 5: Received and paid electricity bill, $70 May 9: Received cash for meals served to customers, $1,330 May 14: Paid cash for kitchen equipment, $3,830 May 23: Served a banquet on account, $2,950 . May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,630 May 31: Recorded depreciation for May on kitchen equipment, $450 Pearson ACT-Sole Proprietorsho (CA) method, how much service revenue would they have Orded for the year? 2230 Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $70 May 9: Received cash for meals served to customers, $1,330 May 14: Paid cash for kitchen equipment, $3,830 May 23: Served a banquet on account, $2,950 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,630 May 31: Recorded depreciation for May on kitchen equipment, $450 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. -4370 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. CHECK ANSWER SKIP TO NEXT RESET Pearson ACT-Sole Proprietorship (CA) Label the adjustments as either Prepaids (Deferrals) or Accrual AND as a revenue or expense. Prepaids (Deferrals) i Accrual Prepaid Expense Unearned Revenue Accrued Revenue Accrued Expense Completed services that were paid for six months earlier, $1,700. Incurred interest expense of $2,700. Depreciation for the current year includes Equipment, $3,000. Prepaids Prepaid Accrual (Deferrals) Expense Unearned Accrued Prepaids Revenue Expense (Deferrals) Prepaids Accrual (Deferrals) Unearned Revenue Drag card here i CHECK ANSWER SKIP TO NEXT Orag card here RESET Drag card here Please review your answer and try again. ? HINT Understanding the Cash versus Accrual basis Activity 1.c - Identifying Differences between Cash and Accrual Basis 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 firm paid $2,750 for six months of advertising. Blue Nile Law Firm recorded $2,750 in the Prepaid Advertising account. Accrual basis If Blue Nile 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. 2750 Safe 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, Safe Home has collected $2,800 from cash-paying customers. Safe Home's remaining customers owe the business $660. Safe Home recorded $2,800 of service revenue for the year. Cash basis

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