The following accounts, in alphabetical order, were selected from the 2004 financial statements of Krispy Kreme Doughnuts, Inc.

Interest income Inventories Prepaid expenses Property and equipment Revenues Accounts payable Accounts receivable Common stock Depreciation expense Interest expense 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.