During October a firm had the following transactions involving revenue


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During October a firm had the following transactions involving revenue and expenses Paid $1200 for rent for October

Sale price $15.00 Regular price $30.00

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

Paid $1200 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


Calculate the net income or net loss for the period?

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