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2020 ACCT3310 Homework #1 Name Lacres na Blair DUE: on or before 9:30 a.m. Tuesday, January 28, 2020 For each of the following, fill in

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2020 ACCT3310 Homework #1 Name Lacres na Blair DUE: on or before 9:30 a.m. Tuesday, January 28, 2020 For each of the following, fill in the blank with either Increase or Decrease. 1 2 3 4 5 6 A debit A credit A debit Acredit A debit A credit to Accounts Payable to Prepaid Expenses to Retained Earnings to Utilities Expense to Dividends to Accounts Receivable would u s e the account. would decrease the account. would decrease the account. would duonases the account. would increase the account. would decrease the account. Using the normal balances for Gus Company below, prepare a Multi-step Income Statement, Statement of Retained Earnings, and a Classified Balance Sheet. You do not need to distinguish between Selling and General/Admin Expenses but be sure that annroprigte dates are indicated in each of the three statements. Gus Company 2020 ACCT3310 Homework #1 Name Lacres na Blair DUE: on or before 9:30 a.m. Tuesday, January 28, 2020 For each of the following, fill in the blank with either Increase or Decrease. 1 2 3 4 5 6 A debit A credit A debit Acredit A debit A credit to Accounts Payable to Prepaid Expenses to Retained Earnings to Utilities Expense to Dividends to Accounts Receivable would u s e the account. would decrease the account. would decrease the account. would duonases the account. would increase the account. would decrease the account. Using the normal balances for Gus Company below, prepare a Multi-step Income Statement, Statement of Retained Earnings, and a Classified Balance Sheet. You do not need to distinguish between Selling and General/Admin Expenses but be sure that annroprigte dates are indicated in each of the three statements. Gus Company

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