Bachman Music Company had the following transactions in March:
a. Sold music lessons to customers for $10,000; received $6,000 in cash and the rest on account.
b. Paid $600 in wages for the month.
c. Received a $200 bill for utilities that will be paid in April.
d. Received $1,000 from customers as deposits on music lessons to be given in April. Complete the following statements for March:

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Cash Basis Income Statement Accrual Basis Income Statement Revenues Cash Sales Customer Deposits Expenses Wages Paid Revenues Sales to Customers 2$ Expenses Wages Expense Utilities Expense Net Income 24 Cash Income %24 %24