FOXY INVESTIGATIVE SERVICES INCOME STATEMENT FOR THE YEAR ENDED NOVEMBER 30, 2018 FOXY INVESTIGATIVE SERVICES BALANCE SHEET AS OF NOVEMBER 30, 2018 REVENUE ASSETS 712,850 CURRENT ASSETS SERVICE REVENUE CASH ACCOUNTS RECEIVABLES OFFICE SUPPLIES PREPAID INSURANCE RENT REVENUE TOTAL REVENUE EXPENSES 2,500 524,000 $ 46,800 INSURANCE EXPENSE SALARIES EXPENSE RENT EXPENSE SUPPLIES EXPENSE REPAIRS EXPENSE UTILITIES EXPENSE MISCELLANEOUS EXPENSE DEPRECIATION FIXED ASSETS $ 437,000 BUILDING LESS: ACCUMULATED DEPRECIATION 42,400 394,600 TOTAL ASSETS EQUITY & LIABILITIES LIABILITIES TOTAL EXPENSES NET INCOME 609,250 CURRENT LIABILITIES S 115,300 11,400 ACCOUNTS PAYABLE SALARIES PAYABLE UNEARNED REVENUE TOTAL LIABILITIES $ 17,700 FOXY INVESTIGATIVE SERVICES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED NOVEMBER 30, 2018 STOCKHOLDER EQUITY COMMON STOCK RETAINED EARNINGS 80,000 397,200 BEGINNING RETAINED EARNING PLUS: NET INCOME LESS: DIVIDENDS ENDING RETAINED EARNING 115,300 S (11,700) TOTAL EQUITY TOTAL LIAB AND EQUITY 494,900 $397,200 CLOSING ENTRIES FOXY INVESTIGATIVE SERVICES STATEMENT OF RETAINED EARNINGS PARTICULARS DEBIT CREDIT FOR THE YEAR ENDED NOVEMBER 30, 2018 $293,600 $115,300 (11,700) (36,000) RENT REVENUE A/C DR SERVICE REVENUE A/C DR BEGINNING RETAINED EARNING PLUS: NET INCOME LESS: DIVIDENDS LESS: DECREASE ENDING RETAINED EARNING 712,850 TO INCOME SUMMARY INCOME SUMMARY DR S 609,250 $361,200 TO INSURANCE EXPENSE A/C TO SALARIES EXPENSE A/C TO RENT EXPENSE A/C TO SUPPLIES EXPENSE A/C TO REPAIRS EXPENSE A/C TO UTILITIES EXPENSE A/C TO MISCELLANEOUS EXPENSE A/C TO DEPRECIATION A/C $524,000 S46,800 S 10,300 INCOME SUMMARY DR 115,300 TO RETAINED EARNINGS S 115,300 11,700 RETAINED EARNINGS DR TO DIVIDENDS