Calorie Catering completed the following selected transactions during May 2024: (Click the icon to view the transactions.) Read the requirements Requirement 1. Show whether each transaction would be handled as a revenue or an expense using both the cash basis and accrual basis accounting systems by completing the table provide (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction has been completed as an example (Enter for any transactio- that do not affect revenues or expenses.) Amount of Revenue (Expense) for May Cash Basis Amount Accrual Basis Amount More info Date May 1 of Revenue (Expense) $ (1,200) of Revenue (Expense) $ 0 May 1 Prepaid rent for three months, $1,200 May 5 May 5 Received and paid electricity bill, $200. May 9 Received cash for meals served to customers. $2,700 May 14 Paid cash for kitchen equipment. $2,100. May 23 Served a banquet on account, $3,300 May 31 Made the adjusting entry for rent (from May 1). May 31 Accrued salary expense, $1,400 May 31 Recorded depreciation for May on kitchen equipment, $35 nat more help- Print Done