rthur music company carried out the following operations during the month of March: a) sale of musical instruments for the sum of $ 12000 The company cashed in $ 7000, the balance to be paid in a few days. The cost of the instruments sold is $ 8000. b) Purchase of new stocks of musical instruments at a cost of $ 4000. The company immediately pays $ 1000, the balance being charged to suppliers' accounts. C) Payment of $ 600 in salary for the month of March d) receipt of electricity bill $ 400 which will be paid in April e) Receipt of a deposit of $ 2000 for an order for new instruments to be delivered to customers in April.

Complete the financial statements:

Income statement according to the cash accounting method Cash selling ___________ Customer down payment__________ loads____________ Purchase of stock____________ salary to be paid ________________ Net profit_______________

Income statements according to commitment accounting:

Products Sales_______ Charges________ Selling cost________ Salaries paid _____________ Electricity____________ Net results__________