Mostert Music Company had the following transactions in March: a. Sold instruments to customers for $10,000; received
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Mostert Music Company had the following transactions in March:
a. Sold instruments to customers for $10,000; received $6,000 in cash and the rest on account. The cost of the instruments was $7,000.
/'. Purchased $4,000 of new instruments inventory; paid $1,000 in cash and owed the rest on account.
c. Paid $600 in wages for the month.
< . Received $1,000 from customers as deposits on orders o( new instruments to be sold to the customers in April.LO1
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