Financial statement-balance sheet or income statement

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Reference no: EM13532923

The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.

Accounts payable

Interest income

Accounts receivable


Common stock

Prepaid expenses

Depreciation expense

Property and equipment

Interest expense



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.

Reference no: EM13532923

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