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Fill in the Blanks Indicated by the Alphabetic Letters in the Following

Question 88

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Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash.  Income Statement \text { Income Statement }
 Revenue $22,000 Expense _____a Net income $_____b\begin{array}{|l|lr|}\hline\text { Revenue } & \$ & 22,000 \\\hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \\\hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\\hline\end{array}
Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash. \text { Income Statement } \begin{array}{|l|lr|} \hline\text { Revenue } & \$ & 22,000 \\ \hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \\ \hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\\hline \end{array}
Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash. \text { Income Statement } \begin{array}{|l|lr|} \hline\text { Revenue } & \$ & 22,000 \\ \hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \\ \hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\\hline \end{array}
Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash. \text { Income Statement } \begin{array}{|l|lr|} \hline\text { Revenue } & \$ & 22,000 \\ \hline\text { Expense } & & \_\_\_\_\_\mathrm{a} \\ \hline\text { Net income } & \$ & \_\_\_\_\_\mathrm{b}\\\hline \end{array}

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Solve for "l" first: l + 40,000 - 6,000 ...

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