Question
Sweet Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three...
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Sweet Catering completed the following selected transactions during May 2016: |
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May 1: Prepaid rent for three months, $3,000 May 5: Received and paid electricity bill, $220 May 9: Received cash for meals served to customers, $1,490 May 14: Paid cash for kitchen equipment, $3,170 May 23: Served a banquet on account, $2,850 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $1,570 May 31: Recorded depreciation for May on kitchen equipment, $610
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