Exercise 2.6 (Algo) Computing net income or net loss. LO 2-4 Technology World had the following revenue and expenses during the month ended July 31 Fees for computer repairs Advertising expense Salaries expense Telephone expense Fees for printer repairs Utilities expense Did the firm earn a net income or incur a net loss for the period? What was the amount? Net income $38,100 5,000 17,800 1,300 5,250 950 Net loss

Exercise 2.6 (Algo) Computing net income or net loss. LO 2-4 Technology World had the following revenue and expenses during the month ended July 3 Did the firm earn a net income or incur a net loss for the perlod? What was the amount