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General Ledger for XYZ Company The following is a portion of the general ledger for XYZ Company as of December 31, 20x1, and the statement
General Ledger for XYZ Company The following is a portion of the general ledger for XYZ Company as of December 31, 20x1, and the statement of stockholders' equity for XYZ Company for the year ended December 31, 20X1. Use this information to answer questions (1) through (5). XYZ Company Statement of Stockholders' Equity (partial) For the year ended December 31, 20X1 Common Stock Retained Earnings $63.000 $50,000 32,000 Balance at January 1, 20X1 Issuance of common stock + Net income for the year ended 12/31/X1 - Dividends paid Balance at December 31, 20X1 14,000 (4,900) $ $ XYZ Company General Ledger (partial) As of December 31, 2018 Amount Assets $ 53,000 15,000 8,800 Cash Accounts receivable Supplies Prepaid rent Equipment (net) Liabilities 36,000 115,600 $11,300 2,500 Accounts payable Salaries payable Interest payable Utilities payable Bonds payable 1,900 6,900 51,700 1. What is the total amount of current assets to be reported on XYZ Company's 12:31 X1 classified balance sheet? $68.000 $112.800 $228,400 $76.800 2. What is the total amount of long-term assets to be reported on XYZ Company's 1231/XI classified balance sheet ? O $151,600 $160,400 SO $115,600 3. What is the total amount of current liabilities to be reported on XYZ Company's 1231 X1 classified balance sheet? $22,600 $74.300 O $20.700 $18.200 4. What is the ending balance in retained eamings to be reported on XYZ Company's 1231/XI classified balance sheet? 563.000 $77.000 0 $72.100 $154,100 5. What is the total amount of stockholders' equity to be reported on Company's 1X1 classified bala sheet? $134,100 O $113.000 O $72.100 $82,000
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