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I need help with the below answer that is in orange everything else is correct... Please help!!! Sweet Catering completed the following selected transactions during

I need help with the below answer that is in orange everything else is correct...

Please help!!!

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Sweet Catering completed the following selected transactions during May 2016: I May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $230 May 3: Received cash for meals served to customers. $2,100 May 14: Paid cash for kitchen equipment. $2,400 May 23: Served a banquet on account, $2,000 May 31: Made the adjusting entry for rent (from May 1}. May 31: Accrued salary expense, $1,100 May 31: Recorded depreciation for May on kitchen equipment, $230 Amount of Revenue {Expense} for May Cash Basis Accrual Basis -1S00 0 ' ' 230 230 2100 2100

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