The financial statements of The Hershey Company appear in Appendix B, following the financial statements for Tootsie Roll in Appendix A.
Instructions
(a) Based on the information contained in these financial statements, determine the normal balance for:
| Tootsie Roll Industries | The Hershey Company |
| (1) Accounts Receivable | (1) Inventories |
| (2) Net Property, Plant, and Equipment | (2) Provision for Income |
| (3) Accounts Payable | (3) Accrued Liabilities |
| (4) Retained Earnings | (4) Common Stock |
| (5) Net Product Sales | (5) Interest Expense |
(b) Identify the other account ordinarily involved when:
(1) Accounts Receivable is increased.
(2) Notes Payable is decreased.
(3) Machinery is increased.
(4) Interest Revenue is increased.
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