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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 transaction involving revenue and expenses. Paid $1100 for rent for October. Provided services for $2550 in cash. Paid $210 for the October telephone service. Provided services for $1700 on credit. Paid salaries of $1575 to employees. Paid $310 for the monthly office cleaning services. Calculate the net income or net loss for the period.

Reference no: EM132378500

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