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Calculate the net income or net loss for the period

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Reference no: EM132368122

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

Paid $1,250 for rent for October

Provided services for $2,850 in cash

Paid $270 for the October telephone service

Provided services for $2,000 on credit

Paid salaries of $1,725 to employees

Paid $370 for the monthly office cleaning service

Calculate the net income or net loss for the period?

Reference no: EM132368122

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