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, $210 May 9: Received cash for meals served to customers, $2,400 May 14: Paid cash for kitchen equipment, $2,000 May 23: Served a banquet on account, $2,300 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,500 May 31: Recorded depreciation for May on kitchen equipment, $500 May 1 May 5 May 9 May 14 May 23 May 31 May 31 Amount of Revenue (Expense) for May Cash Basis 0 (210) 2,400 (2,000) 0 0 0 Accrual Basis (3,000) 0 0 0 2,300 3,000 (1,500) Sign 00 lect: 0

Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $3,000 - May 5: Recelved and paid electricity bill, \$210 - May 9: Received cash for meals served to customers, \$2,400 - May 14: Paid cash for kitchen equipment, $2,000 - May 23: Served a banquet on account, $2,300 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, \$1,500 - May 31; Recorded depreciation for May on kitchen equipment, $500