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Fansastic Catering completed the following selected transactions during May 2016 : - May 1: Prepaid rent for three months. 51200 - May5: Received and paid
Fansastic Catering completed the following selected transactions during May 2016 : - May 1: Prepaid rent for three months. 51200 - May5: Received and paid electricity bill, $80 - May 9. Received cash for meals served to customers, $2,600 - Myy 14: Paid cash for kitchen equipment, 53,900 - May 23 Served a banquet on account, $1,700 - May 31: Mude the adjusting entry for rent (from May 1) - Moy 31: Accrued salary expense, $1,500 - May 31: Recorded depreciation for May on kitehen equipment: $330
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