According to yourdictionary.com's "Apostrophe Rules - English Grammar Rules & Usage" (with my edits indicated with [square brackets]):
[SINGULAR FORMS:]
Use an apostrophe + "s" ('s) to show that one person/thing owns or is
a member of something.
[Two's complement]
Amy's ballet class
Robert's car
Ross's room
Ross's sports teams
Even if the name ends in "s," it's still correct to add another "'s"
to create the possessive form. It is also acceptable to add only an
apostrophe to the end of singular nouns that end in "s" to make them
possessive. In this case, you can show possession for Ross either way:
It makes no difference whether the item owned is singular or plural.
We use "Ross's" to say that the room (singular) is his and that the
sports teams (plural) are his.
[PLURAL FORMS:]
Use an apostrophe after the "s" at the end of a plural noun to show
possession.
[Ones' complement]
The parents' bedroom
The Smiths' lives
It is not necessary to add another "s" to the end of a possessive
plural noun.
If a plural noun does not end in "s," add an apostrophe + "s" to
create the possessive form.
[SUMMARY:]
Remember, a possessive noun [should have] an apostrophe and an "s" at
the end. [Alternatively,] if there's already an "s" there, you can
just add the apostrophe. If there's no "s," you have to add both -
first the apostrophe, and then the "s."