Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 May 5: Received and paid electricity bill, $140 May 9: Received cash for meals served to customers, $2,800 May 14: Paid cash for kitchen equipment, $3,800 May 23: Served a banquet on account, $1,600 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,600 May 31: Recorded depreciation for May on kitchen equipment, $390