3 30 2 The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had been closed The Cash balance was $3,120, and Notes Payable amounted to $3,200 The company had revenues of $3,650 and expenses of $2,330 The company's Land account had a $5,500 balance Dividends amounted to $300 The balance of the Common Stock account was $1,300 Required a Identify which accounts would be classified as permanent and which accounts would be classified as temporary b Assuming that Wyckoff's beginning balance (as of January 1, Year 2) in the Retained Earnings account was $3,100, determine its balance after the temporary accounts were closed at the end of Year 2 c What amount of net income would Wyckoff Company report on its Year 2 income statement Complete this question by entering your answers in the tabs below Req A Req B and C Identify which accounts would be classified as permanent and which accounts would be classified as temporary Account Cash Notes Payable Revenues Expenses Land Dividends Common Stock Retained Earnings Classification Req B and C The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had been closed The Cash balance was $3,120, and Notes Payable amounted to $3,200 The company had revenues of $3,650 and expenses of $2,330 The company's Land account had a $5,500 balance Dividends amounted to $300 The balance of the Common Stock account was $1,300 Required o Identify which accounts would be classified as permanent and which accounts would be classified as temporary b Assuming that Wyckoff's beginning balance (as of January 1, Year 2 ) in the Retained Earnings account was $3,100, determine its balance after the temporary accounts were closed at the end of Year 2 c What amount of net income would Wyckoff Company report on its Year 2 income statement Complete this question by entering your answers in the tabs below Identify which accounts would be classified as permanent and which accounts would be classiffed as temporary

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3 30 2 The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had been closed  The Cash balance was $3,120, and Notes Payable amounted to $3,200  The company had revenues of $3,650 and expenses of $2,330  The company's Land account had a $5,500 balance  Dividends amounted to $300  The balance of the Common Stock account was $1,300  Required a  Identify which accounts would be classified as permanent and which accounts would be classified as temporary  b  Assuming that Wyckoff's beginning balance (as of January 1, Year 2) in the Retained Earnings account was $3,100, determine its balance after the temporary accounts were closed at the end of Year 2  c  What amount of net income would Wyckoff Company report on its Year 2 income statement  Complete this question by entering your answers in the tabs below  Req A Req B and C Identify which accounts would be classified as permanent and which accounts would be classified as temporary  Account Cash Notes Payable Revenues Expenses Land Dividends Common Stock Retained Earnings Classification Req B and C   The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had been closed  The Cash balance was $3,120, and Notes Payable amounted to $3,200  The company had revenues of $3,650 and expenses of $2,330  The company's Land account had a $5,500 balance  Dividends amounted to $300  The balance of the Common Stock account was $1,300  Required o  Identify which accounts would be classified as permanent and which accounts would be classified as temporary b  Assuming that Wyckoff's beginning balance (as of January 1, Year 2 ) in the Retained Earnings account was $3,100, determine its balance after the temporary accounts were closed at the end of Year 2 c  What amount of net income would Wyckoff Company report on its Year 2 income statement  Complete this question by entering your answers in the tabs below  Identify which accounts would be classified as permanent and which accounts would be classiffed as temporary

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3:30 2 The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had

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