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Calculate the net income or net loss for the period

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Question - During October, a firm had the following transactions involving revenue and expenses.

Paid $1,200 for rent for October

Provided services for $2,750 in cash

Paid $250 for the October telephone service

Provided services for $1,900 on credit

Paid salaries of $1,675 to employees

Paid $350 for the monthly office cleaning service

Required - Calculate the net income or net loss for the period?

Reference no: EM132447790

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