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Question
Please refer to Table 3-1 for the following questions.Table 3-1
Jones Company
Financial Information
| December 2009 | December 2010 | |
| Net Income | $2,000 | $4,000 |
| Accounts receivable | 750 | 950 |
| Accumulated depreciation | 1,000 | 1,500 |
| Common stock | 4,500 | 5000 |
| Paid-in capital | 7,500 | 8500 |
| Retained earnings | 1,500 | 3,500 |
| Accounts payable | 750 | 750 |
A) $2,000
B) $2,500
C) $3,500
D) $4,000
Answer
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