Mostert Music Company had the following transactions in March: a. Sold instruments to customers for.

Mostert Music Company had the following transactions in March: a. Sold instruments to customers for $ 15,000; received $ 10,000 in cash and the rest on account. b. Determined that the cost of the instruments sold was $ 9,000. c. Purchased $ 3,000 of new instruments inventory; paid $ 1,000 in cash and the rest on account. d. Paid $ 750 in wages for the month. e. Received a $ 200 bill for utilities that will be paid in April. f. Received $ 3,000 from customers as deposits on orders of new instruments to be sold to customers in April. Complete the following statements:

 

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