what goes on the cash and the accrual basis

Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $15,250; received $10,050 in cash and the rest on account. b. Paid $780 in wages for the month. c. Received a $660 bill for utilities that will be paid in April. d. Received $4,500 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 Based on the information above, prepare an accrual basis