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Completely fill out the following chart: Delicious Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, $1,800
Completely fill out the following chart:
Delicious 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, $240 . May 9: Received cash for meals served to customers, $2,900 May 14: Paid cash for kitchen equipment, $2,500 May 23: Served a banquet on account, $2,200 . May 31: Made the adjusting entry for rent (from May 1) May 31: Accrued salary expense, $1,500 May 31: Recorded depreciation for May on kitchen equipment, $510 ount of Revenue (Expense) for May Cash Basis Accrual Basis May 1Step by Step Solution
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