Question

Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,400
May 5: Received and paid electricity bill, $130
May 9: Received cash for meals served to customers, $3,640
May 14: Paid cash for kitchen equipment, $3,400
May 23: Served a banquet on account, $2,560
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $2,030
May 31: Recorded depreciation for May on kitchen equipment, $260

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.

Answer 1

Answer:

sorry bro.iam studying biology science. So i don't no this answer.

Explanation:

but please follow md