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Calculate the net income or net loss for the period

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Reference no: EM132468041

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

Point 1: Paid $1,425 for rent for October

Point 2: Provided services for $3,200 in cash

Point 3: Paid $340 for the October telephone service

Point 4: Provided services for $2,350 on credit

Point 5: Paid salaries of $1,900 to employees

Point 6: Paid $440 for the monthly office cleaning service

Question 1: Calculate the net income or net loss for the period?

Reference no: EM132468041

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