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Determine what was the amount

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The Computer Store had the following revenue and expenses during the month ended July 31.

Fees for computer repairs        $40,100

Advertising expense                  5,400

Salaries expense                      18,200

Telephone expense                     700

Fees for printer repairs              5,650

Utilities expense                       1,150

Question 1: Did the firm earn a net income or incur a net loss for the period? What was the amount?

Reference no: EM132474441

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