Question
Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 20Y8, the end of the fiscal
Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 20Y8, the end of the fiscal year, the accountant for Foxy Investigative Services prepared an end-of-period spreadsheet, a part of which follows:
Foxy Investigative Services | |||
End-of-Period Spreadsheet | |||
For the Year Ended November 30, 20Y8 | |||
~ | Adjusted Trial Balance | ||
Account Title | ~ | Dr. | Cr. |
~ | |||
Cash | ~ | 27,500 | |
Accounts Receivable | ~ | 71,800 | |
Supplies | ~ | 3,550 | |
Prepaid Insurance | ~ | 750 | |
Building | ~ | 330,500 | |
Accumulated Depreciation-Building | ~ | 184,100 | |
Accounts Payable | ~ | 16,100 | |
Salaries Payable | ~ | 6,600 | |
Unearned Rent | ~ | 1,500 | |
Common Stock | ~ | 40,000 | |
Retained Earnings | ~ | 70,300 | |
Dividends | ~ | 30,000 | |
Service Fees | ~ | 675,500 | |
Rent Revenue | ~ | 9,000 | |
Salaries Expense | ~ | 435,000 | |
Rent Expense | ~ | 55,000 | |
Supplies Expense | ~ | 11,850 | |
Depreciation Expense-Building | ~ | 10,000 | |
Utilities Expense | ~ | 8,800 | |
Repairs Expense | ~ | 4,250 | |
Insurance Expense | ~ | 3,000 | |
Miscellaneous Expense | ~ | 11,100 | |
~ | 1,003,100 | 1,003,100 | |
Prepare a statement of stockholders equity for the year ended November 30, 20Y8. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names
Foxy Investigative Services | |||||||||||||||||||||||||
Statement of Stockholders Equity | |||||||||||||||||||||||||
For the Year Ended November 30, 20Y8
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