Use the Following Information for Questions $¥ 9,000$ On Account
- Collected

question 183

Multiple Choice

Use the following information for questions . Ling Company had the following transactions during 2011:
- Sales of $¥ 9,000$ on account
- Collected $¥ 4,000$ for services to be performed in 2012
- Paid $¥ 1,250$ cash in salaries
- Purchased airline tickets for $¥ 500$ in December for a trip to take place in 2012
-What is Ling's 2011 net income using accrual accounting?

• A) \(¥ 7,750\).
• B) \(¥ 11,750\).
• C) \(¥ 11,250\).
• D) \(¥ 7,250\) .

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