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Ch 3 HW, Part 1 Question 1 - Ch 3 HW, Part 1 - x+...

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Accounting

Ch 3 HW, Part 1 Question 1 - Ch 3 HW, Part 1 - x+ Ch 3 HW, Part 1 i 1 0.34 points Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $10,600; recelved $6,200 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. 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

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