heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon 36 Saved Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $15,700; received $9,900 in cash and the rest on account b. Pald $550 in wages for the month. c. Received a $230 bill for utilities that will be paid in April. d. Received $2,300 from customers as deposits on music lessons to be given in April. 1. Based on the information above, prepare a cash basis and an accrual basis income statement MOSTERT MUSIC COMPANY Cash Basis Income Statement Revenues Sales Customer Deposits Total Revenues Expenses Salaries and Wages Paid Cash Income Prey 1 of 10 FA Next > o ere to search Customer Deposits Total Revenues Expenses Salaries and Wages Paid Cash Income S MOSTERT MUSIC COMPANY Accrual Basis Income Statement Revenues Sales Expenses Salaries and Wages Expense Utilities Expense Total Expenses Net Income heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon 36 Saved Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $15,700; received $9,900 in cash and the rest on account b. Pald $550 in wages for the month. c. Received a $230 bill for utilities that will be paid in April. d. Received $2,300 from customers as deposits on music lessons to be given in April. 1. Based on the information above, prepare a cash basis and an accrual basis income statement MOSTERT MUSIC COMPANY Cash Basis Income Statement Revenues Sales Customer Deposits Total Revenues Expenses Salaries and Wages Paid Cash Income Prey 1 of 10 FA Next > o ere to search Customer Deposits Total Revenues Expenses Salaries and Wages Paid Cash Income S MOSTERT MUSIC COMPANY Accrual Basis Income Statement Revenues Sales Expenses Salaries and Wages Expense Utilities Expense Total Expenses Net Income