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On December 1, Doris Turner opened a speech and hearing clinic. During December, her firm had the

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On December 1, Doris Turner opened a speech and hearing clinic. During December, her firm had the following transaction involving revenue and expenses. Did the firm earn a net income or incur a net loss for the period? What was the amount?;Paid $2,600 for advertising.;Provided services for $2,300 in cash.;Paid $700 for telephone service.;Paid salaries of $2,100 to employees.;Provided services for $2,500 on credit.;Paid $350 for office cleaning service.

 

Paper#25445 | Written in 18-Jul-2015

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