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During October, a firm had the following transactions involving revenue and expenses. Paid $1,025 for rent for October Provided services for $2,400 in cash Paid

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During October, a firm had the following transactions involving revenue and expenses. Paid $1,025 for rent for October Provided services for $2,400 in cash Paid $180 for the October telephone service Provided services for $1,550 on credit Paid salaries of $1,500 to employees Paid $280 for the monthly office cleaning service Calculate the net income or net loss for the period

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