The financial statements of Hershey Foods are presented in Appendix B, fot lowing the financial statements for

Question:

The financial statements of Hershey Foods are presented in Appendix B, fot lowing 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:

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(b) Identify the other account ordinarily involved when:
(1) Accounts Receivable is increased.
(2) Notes Payable is decreased.
(3) Machinery is increased.
(4) Interest Income is increased.
RESEARCH CASE

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