Sweet Catering completed the following selected transactions during May 2016:

• May 1: Prepaid rent for three months, $3,000
• May 5: Received and paid electricity bill, $80
• May 9: Received cash for meals served to customers, $3,640
• May 14: Paid cash for kitchen equipment, $2,150
• May 23: Served a banquet on account, $2,660
• May 31: Made the adjusting entry for rent (from May 1).
• May 31: Accrued salary expense, $710
• May 31: Recorded depreciation for May on kitchen equipment, $230