Mostert Music Company had the following transactions in March:
a. Sold music lessons to customers for $10,000; received $6,000 in cash and the rest on account.
b. Paid $600 in wages for the month.
c. Received a $200 bill for utilities that will be paid in April.
d. Received $1,000 from customers as deposits on music lessons to be given in April.
Complete the following statements:

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Cash Basis Income Statement Accrual Basis Income Statement Revenues Revenues Cash sales Customer deposits Sales to customers Expenses Expenses Wages paid Wages expense Utilities expense Net income Net income