Homework 31 1 Saved 10 boints wlook Prand References Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $14,700; received $9,300 in cash and the rest on account. b. Paid $1,080 in wages for the month. c. Received a $500 bill for utilities that will be paid in April. d. Received $2,100 from customers as deposits on music lessons to be given in April. Required: 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 Mc Help Save & Exit Submit Check my work Cash Basis Accrual Basis Based on the information above, prepare a cash basis income statement. MOSTERT MUSIC COMPANY Cash Basis Income Statement Book Print erences Revenues Cash Sales Customer Deposits Total Revenues Expenses Salaries and Wages Paid Cash Income raw Cash Basis Accrual Basis > 1124PM