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Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers On November 30, 20Y8, the end of the scalyot

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Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers On November 30, 20Y8, the end of the scalyot the accountant for Foxy Investigative Services prepared an end-ofperiod spreadsheet a part of which follows Foxy Investigative Services End-of-Period Spreadsheet For the Year Ended November 30, 2018 Adjusted Trial Balance Account Title DK Cash 23,000 Accounts Recevable 70,000 Supplies 4.000 Prepaid insurance 2.500 Building 434,000 Accumulated Depreciation-Building 41,400 Accounts Payable 2 11,600 Salaries Payable 3,000 Unearned Rent 2 1.800 Common Stock 2 80,000 Retained Earnings 2 294,400 Dividends 2 11,900 Service Fees - 716,650 Rent Revenue - 11.900 Salaries Expense 523,900 Rent Expense 47,600 Supplies Expense 10,800 Depreciation Expense-Building 9,000 Utilities Expense 2 7,250 Repairs Expense 2,800 Insurance Expense - 2,800 Miscellaneous Expense 5,600 1,160,750 1,160,750 Foxy Investigative Services Income Statement (Label) 1 (Label) 2 3 4 5 (Label) 6 7 8 9 10 11 12 13 14 15 Final Question 3. If Retained Earrings had instead decreased $31,000 after the closing entries were posted and the dividends remained the same, what would have been the amount of recome one osa? required, use a minus sign to indicate a net loss $ CHART OF ACCOUNTS Foxy Investigative Services General Ledger ASSETS REVENUE 11 Cash 41 Service Fees 12 Accounts Receivable 42 Rent Revenue 13 Supplies 14 Prepaid Insurance EXPENSES 51 Salaries Expense 17 Building 18 Accumulated Depreciation-Building LIABILITIES 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 21 Accounts Payable 22 Salaries Payable 23 Unearned Rent 57 Insurance Expense 7 59 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends

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