Question: QUESTION 31 2 points Save Answer Wang Company had the following transactions during 2018: Sales of $10,000 on account Collected $4,800 for services to be

QUESTION 31 2 points Save Answer Wang Company had the following

QUESTION 31 2 points Save Answer Wang Company had the following transactions during 2018: Sales of $10,000 on account Collected $4,800 for services to be performed in 2019 Paid $2,600 cash in salaries for 2018 Purchased airline tickets for $600 in December for a trip to take place in 2019 . What is Wang's 2018 net income using accrual accounting? A. $11,600 B. $14,200 C. $6,800 D. $7,400 QUESTION 32 2 points Save Answer If a purchaser using a perpetual inventory system pays the transportation costs, then the A. Inventory account is increased. B. Delivery Expense account is increased. C. Freight-Out account is increased. D. Inventory account is not affected. O O O O

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