PepsiCos financial statements are presented in Appendix A. Financial statements of The Coca-Cola Company are presented in

Question:

PepsiCo’s are presented in Appendix A. of The Coca-Cola Company are presented in Appendix B.
Instructions
(a) Based on the information contained in the determine the normal balance of the listed accounts for each company.
Pepsi Coca-Cola
1. Inventory 1. Property, Plant, and Equipment 2. Cash and Cash Equivalents
3. 3. Cost of Goods Sold
4. Interest Expense 4. Sales (revenue)
(b) Identify the other account ordinarily involved when:
(1) is increased.
(2) Wages Payable is decreased.
(3) Property, Plant, and Equipment is increased.
(4) Interest Expense is increased.

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