May 1: Prepaid rent for three months, $3,000 May 5: Received and paid electricity bill, $130
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,600
May 23: Served a banquet on account, $1,900
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,700
May 31: Recorded depreciation for May on kitchen equipment, $420
Amount of Revenue (Expense) for May
Cash BasisAccrual Basis

Under the cash basis of accounting, revenue are reported on the income statement only when cash is received. The expenses are only recorded when cash is paid out

Under the accrual basis of accounting, revenue are accounted for when it is earned that is revenue are recorded before any money changes hands.

The answer below is based on the  Cash Basis & Accrual Basis rule/

Amount of Revenue (Expense) for May

              Cash Basis     Accrual Basis

May  1      $3,000           $0

May 5      $130               $130

Mat 9       $2,300           $2,300  

May 14     $2,600           $0  

May 23    $0                   $1,900

May 31     $0                   $1,000 ($3,000/3 months)

May 31     $0                   $1,700

May 31     $0                   $420

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this

decentralization can the employees to get more involved in the business decision making