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  3. during october, a firm had the following transacti

During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for...

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Accounting

During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for rent for October Provided services for $2,900 in cash Paid $280 for the October telephone service Provided services for $2,050 on credit Paid salaries of $1,750 to employees Paid $380 for the monthly office cleaning service Calculate the net income or net loss for the period?

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