the ledger accounts must be adjusted to reflect a cash basis of accounting before financial s accepted accounting principles. QUESTION 42 Wang Company had the following transactions during 2016: . Sales of $10.800 on account Collected $4,800 for services to be performed in 2017 Purchased airline tickets for $600 in December for a trip to take place in 2017 What is Wang's 2016 net income using accrual accounting? . Paid $2,600 cash in salaries for 2016 . $8,800 O $13,600 @ $13,000 . $8.200