During October,a Firm Had the Following Transactions Involving Revenue and Expenses.Did

Essay

During October,a firm had the following transactions involving revenue and expenses.Did the firm earn a net income or incur a net loss for the period? What was the amount?
Paid $1,200 for rent
Provided services for $2,750 in cash
Paid $250 for telephone service
Provided services for $1,900 on credit
Paid salaries of $1,675 to employees
Paid $350 for office cleaning service