Sweet Catering completed the following selected transactions during May 2024: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Show whether each transaction would be handled as a revenue or an expense using both the cash basis and accrual basis accounting systems by completing the table provided. (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction has been completed as an example. (Enter "0" for any transactions that do not affect revenues or expenses.) Amount of Revenue (Expense) for May Cash Basis Amount More info Accrual Basis Amount Date May 1 of Revenue (Expense) of Revenue (Expense) $ (1,200) $ 0 May 5 May 1 Prepaid rent for three months, $1,200 May 5 Received and paid electricity bill, $900. May 9 Received cash for meals served to customers, $2,000. May 14 Paid cash for kitchen equipment, $3,120. May 23 Served a banquet on account, $3,100. May 31 Made the adjusting entry for rent (from May 1). May 31 Accrued salary expense, $1,400. May 31 Recorded depreciation for May on kitchen equipment, $52