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    MEPLUSTHREE's Avatar
    MEPLUSTHREE Posts: 3, Reputation: 1
    New Member
    		  
    #1

    May 30, 2008, 02:21 PM
    Is this correct
    Reporting Cash Basis versus Accrual Basis Income
    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.
    b. 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.
    d. Received a $200 bill for utilities that will be paid in April.
    e. Received $1,000 from customers as deposits on orders of new instruments to be sold to the customers in April.
    Complete the following statements:

    Answer
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    May 30, 2008, 03:21 PM
    You have the email and private message turned off, so I was not able to contact you off the public board.

    We do not do your homework here, If you would like to tell us what you think the answers are, and why, people will may review your work and give you some advice.
    gcarlo's Avatar
    gcarlo Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Jan 21, 2009, 11:54 PM
    Comment on Fr_Chuck's post
    It sucks big time
    mslmgirl29's Avatar
    mslmgirl29 Posts: 1, Reputation: 1
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    #4

    Aug 11, 2009, 04:20 PM

    What were your answers because I have the same question.
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