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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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