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I'm confused. Can you explain. Mostert Music Company had the following transactions in March a. Sold music lessons to customers for $10,600; received $6,2000 in
I'm confused. Can you explain.
Mostert Music Company had the following transactions in March
a. Sold music lessons to customers for $10,600; received $6,2000 in cash and the rest on account
b. Paid $640 in wages for the month
c. Received a $320 bill for utilities that will be paid in April
d. Received $2,150 from customers as deposits on music lessons to be given in April
Based on the information above, On a cash basis and an accrual basic income statement
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