Daube Company's operations for the month of July are summarized as follows: A. Provided $8,000 of services on account. B. Received $3,800 cash from customers for services provided in July. C. Received $1,600 cash for services to be provided in August. D. Received $3,200 cash from customers on account for services provided in June. E. Paid June's warehouse rental bill on account in the amount of $1,000. E. Received July's warehouse rental bill of $1,100; set it aside to be recorded at a later date. Required: a. Determine the net income for July using the cash basis of accounting. b. Determine the net income for July using the accrual basis of accounting. Complete this question by entering your answers in the tabs below. Required A Required B Net Income Required B > Daube Company's operations for the month of July are summarized as follows: A. Provided $8,000 of services on account B. Received $3,800 cash from customers for services provided in July. C. Received $1,600 cash for services to be provided in August. D. Received $3,200 cash from customers on account for services provided in June. E. Paid June's warehouse rental bill on account in the amount of $1,000. F. Received July's warehouse rental bill of $1,100; set it aside to be recorded at a later date. ook ences Required: a. Determine the net income for July using the cash basis of accounting. b. Determine the net income for July using the accrual basis of accounting. Complete this question by entering your answers in the tabs below. Required A Required B Net Income a. Sold music lessons to customers for $11,950, received $6,750 in cash and the rest on account b. Paid $850 in wages for the month. c. Received a $540 bill for utilities that will be paid in April. d. Received $1,200 from customers as deposits on music lessons to be given in April. Based on the information above, prepare a cash basis and an accrual basis income statement. Complete this question by entering your answers in the tabs below. Cash Basis Accrual Basis Based on the information above, prepare a cash basis income statement. MOSTERT MUSIC COMPANY Cash Basis Income Statement Revenues Cash Sales Customer Deposits Total Revenues Expenses Salaries and Wages Paid a. Sold music lessons to customers for $11,950; received $6,750 in cash and the rest on account. b. Paid $850 in wages for the month. c. Received a $540 bill for utilities that will be paid in April. d. Received $1,200 from customers as deposits on music lessons to be given in April. Based on the information above, prepare a cash basis and an accrual basis income statement. bok Complete this question by entering your answers in the tabs below. rences Cash Basis Accrual Basis Based on the information above, prepare an accrual basis income statement. MOSTERT MUSIC COMPANY Accrual Basis Income Statement Revenues Sales Expenses Salorios and Wages Expense Utilities Expense Total FX ANSAS Nov