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Wang Company had the following transactions during 2011: Sales of $5,400 on account Collected $2,400 for services to be performed in 2012 Paid $1,550 cash

Wang Company had the following transactions during 2011: Sales of $5,400 on account Collected $2,400 for services to be performed in 2012 Paid $1,550 cash in salaries for 2011 Purchased airline tickets for $300 in December for a trip to take place in 2012 What is Wangs 2011 net income using accrual accounting?

Group of answer choices

$4,150

$3,850

$6,550

$6,250

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