subject
Business, 06.10.2019 02:30 lolagrace06

Foxy investigative services is an investigative services firm that is owned and operated by shirley vickers. on november 30, 2018, the end of the fiscal year, the accountant for foxy investigative services prepared an end-of-period spreadsheet, a part of which follows:

required:

foxy investigative services
end-of-period spreadsheet
for the year ended november 30, 2018

adjusted trial balance
dr. cr
account title
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.prepare an income statement for the year ended november 30, 20y8. if a net loss has been incurred, enter that amount as a negative number using a minus sign. be sure to complete the statement heading. use the list of labels and amount descriptions for the correct wording of text items other than account names. you will not need to enter colons (: ) on the income statement. refer to the chart of accounts for exact wording of account titles.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:30
Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.
Answers: 3
question
Business, 22.06.2019 13:30
The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.
Answers: 2
question
Business, 23.06.2019 02:00
Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)
Answers: 3
question
Business, 23.06.2019 03:30
Which of the filling is a social news site
Answers: 3
You know the right answer?
Foxy investigative services is an investigative services firm that is owned and operated by shirley...
Questions
question
English, 06.11.2020 01:00
question
Spanish, 06.11.2020 01:00
question
Mathematics, 06.11.2020 01:00
question
History, 06.11.2020 01:00
question
Mathematics, 06.11.2020 01:00