Which of the following is used to compute the net income for a specific period Select one: a. Balance sheet b. None of the above c. Statement of cash flow d. Income statement If revenues are $ 23,800 expenses are $1,300 net income must be Select one: O a. $ 15,500 O b. $ 17,500 O c. $ 16,500 O d. $ 22,500 Transactions are first recorded in which book/account? Select one: a. Accounting Equation b. Book of Final Entry O c. Book of Original Entry O d. T Accounts Sales revenue will be on the credit side of the Trial Balance Select one: True False