The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.
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Accounts payable
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Interest income
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Accounts receivable
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Inventories
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Common stock
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Prepaid expenses
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Depreciation expense
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Property and equipment
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Interest expense
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Revenues
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Instructions
For each account, indicate (a) whether the normal balance is a debit or a credit, and (b) the financial statement-balance sheet or income statement-where the account should be presented.