1. Sweet Catering completed the following selected transactions during May, 2012: May 1 Prepaid rent for three months, $1,500. 5 9 14 23 31 31 31 Paid electricity expenses, $400. Received cash for meals served to customers, $2,600. Paid cash for kitchen equipment, $2,400. Served a banquet on account, $3,000. Made the adjusting entry for rent (from May 1). Accrued salary expense, $1,400. Recorded depreciation for May on kitchen equipment, $40. Requirement: Prepare journal entries for above operations. (5 points)