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Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,200 - May 5: Received and paid
Sweet Catering completed the following selected transactions during May 2016: - May 1: Prepaid rent for three months, $1,200 - May 5: Received and paid electricity bill, $170 - May 9: Received cash for meals served to customers, $1,580 - May 14: Paid cash for kitchen equipment, $3,460 - May 23: Served a banquet on account, $2,630 - May 31: Made the adjusting entry for rent (from May 1). - May 31: Accrued salary expense, \$1,680 - May 31: Recorded depreciation for May on kitchen equipment, $290
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