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

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) $¥ 7,250$ .