Fantastic 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, $140 May 9: Received cash for meals served to customers, $2,000 May 14: Paid cash for kitchen equipment, $2,000 May 23: Served a banquet on account, $2,900 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,900 May 31: Recorded depreciation for May on kitchen equipment, $590 May 1 May 5 May 9 May 14 May 23 May 31 May 31 May 31 Amount of Revenue (Expense) for May Cash Basis Accrual Basis 0