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Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $160 May 9: Received cash for meals served

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Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $160 May 9: Received cash for meals served to customers, $2,600 May 23: Served a banquet on account, $1,800 May 31: Accrued salary expense, $1,900 May 31: Recorded depreciation for May on kitchen equipment, $650 Amount of Revenue (Expense) for May Cash Basis Accrual Basis May 5 May 9 2600 2600 May 23 1800 May 31 May 31

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