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During October, a firm had the following transactions involving revenue and expenses. Paid $1,075 for rent for October Provided services for $2,500 in cash Paid

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During October, a firm had the following transactions involving revenue and expenses. Paid $1,075 for rent for October Provided services for $2,500 in cash Paid $200 for the October telephone service Provided services for $1,650 on credit Paid salaries of $1,550 to employees Paid $300 for the monthly office cleaning service Calculate the net income or net loss for the period

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