Maps\ defiled definition -...\ New Tab\ alexa,\ amazon.com..\ (49) The best birthd...\ (i)\ Soved\ Help\ Mostert Music Company had the following transactions in March:\ a. Sold music lessons to customers for

$13,950

; received

$9,350

in cash and the rest on account.\ b. Paid

$660

in wages for the month.\ c. Received a

$400

bill for utilities that will be paid in April.\ d. Received

$2,450

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.\ \\\\table[[MOSTERT MUSIC COMPANY],[Cash Basis Income Statement],[,],[Revenues,

$

Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $13,950; received $9,350 in cash and the rest on account. b. Paid $660 in wages for the month. c. Received a $400 bill for utilities that will be paid in April. d. Received $2,450 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. Based on the information above, prepare a cash basis income statement