[nappyroots]

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:

My answer is 5,400 is this correct?

[morgaine300]

Your answer to what? I don't see a question.

It's also usually useful to see how you come up with answers so that we can see what, if anything, you've done incorrectly.

[oats2010]

Mostert Music Company had the following transactions in March:

1.

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.
2.

Purchased $4,000 of new instruments inventory; paid $1,000 in cash and owed the rest on account.
3.

Paid $600 in wages for the month.
4.

Received a $200 bill for utilities that will be paid in April.
5.

Received $1,000 from customers as deposits on orders of new instruments to be sold to the customers in April.

Complete the following statements:

[Click to enlarge]

[morgaine300]

You should start your own thread. I still don't see a question. Complete what statements? And you need to read the guidelines for posting at the top of this forum in bold red print.