Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial £

statements of Wal-Mart Stores, Inc. are presented in Appendix E.

Instructions

(a) Based on the information contained in the financial statements, determine the normal balance of the listed accounts for each company.

(b) Identify the other account ordinarily involved when:
(1) Accounts Receivable is increased.
(2) Interest Expense is increased.
(3) Salaries and Wages Payable is decreased.
(4) Service Revenue is increased.

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Amazon 1. Interest Expense 2. Cash and Cash Equivalents 3. Accounts Payable Wal-Mart 1. Product Revenues 2. Inventories 3. Cost of Sales