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Cuisine Catering completed the following selected transactions during May 2018: (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 been completed as an example. (Enter "0" for any transactions that do not affect revenues or exp (Expenses should be shown in parentheses.) Also indicate the dollar amount of the revenue or expense. The May 1 transaction has More Info Amount of Revenue (Expense) for May Cash Basis Amount Accrual Basis Amount Date of Revenue (Expense) May of Revenue (Expense) $ (3,300) $ (600) $ May 1 May 5 0 $ (600) May 9 $ 2,300 $ 2,300 1 Prepaid rent for three months, $3,300. 5 Received and paid electricity bill, $600. 9 Received cash for meals served to customers, $2,300. 14 Paid cash for kitchen equipment, $2,700. 23 Served a banquet on account, $3,700. 31 Made the adjusting entry for rent (from May 1). 31 Accrued salary expense, $1,700. 31 Recorded depreciation for May on kitchen equipment, $45. $ (2,700) $ 0 May 14 May 23 $ 0 $ 3,700 May 31 rent $ 0 $ (1,100) salary $ 0 $ (1,700) May 31 May 31 depr $ 0 $ (45) Print Done Requirement 2. After completing the table, calculate the amount of net income or net loss for Cu Jeses or a minus sign to indicate a loss.) Cash Basis Amount Accrual Basis Amount Net income (loss) Enter any number in the edit fields and then click Check Answer. 1 Pemaining Clear All Check Answer The following data at July 31, 2018, are given for KHG: (Click the icon to view the data.) Read the requirements. Requirement 1. Journalize the adjusting entries needed on July 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Depreciation, $700. Date Accounts and Explanation Debit Credit More Info (a) Jul. 31 a. c. Depreciation, $700. b. Prepaid rent expires, $600. Interest expense accrued, $300. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $16,000. Unearned revenue earned, $1,200. f. Office supplies used, $150. e. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check

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