The fi nancial statements of Apple Inc. in Appendix A at the back of this textbook contain the following selected accounts, all in thousands of dollars. LO9 Common Stock $ 23,313 Accounts Payable 30,196 Accounts Receivable 17,460 Selling, General, and Administrative Expenses 11,993 Inventories 2,111 Net Property, Plant, and Equipment 20,624 Net Sales 182,795 Instructions

(a) What is the increase and decrease side for each account? What is the normal balance for each account?

(b) Identify the probable other account in the transaction and the effect on that account when:

(1) Accounts Receivable is decreased.

(2) Accounts Payable is decreased.

(3) Inventories is increased.

(c) Identify the other account(s) that ordinarily would be involved when:

(1) Interest Expense is increased.

(2) Property, Plant, and Equipment is increased.