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Ling Company had the following transactions during 2011: - Sales of 9,000 on account - Collected 4,000 for services to be performed in 2012 -

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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 81. What is Ling's 2011 net income using accrual accounting? 6h 7,750. b. =11,750. c. 11,250. d. 7,250

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