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Question - During October a firm had the following transactions involving revenue and expense:

Paid $1325 for rent October

Provided services foe $3000 in cash

Paid 300 for October phone service

Provided service for 2150 on credit

Paid salaries of 1800 to employees

Paid 400 for the monthly office cleaning service

Calculate net income or net loss for the period.

Accounting Basics, Accounting

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  • Reference No.:- M93109936
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