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Exercise 3-06 The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. For each account, indicate whether the

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Exercise 3-06 The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. For each account, indicate whether the normal balance is a debitor a credit, and the financial statement-balance sheet or income statement where the account should be presented. Account Normal Balance Financial statement Accounts payable Accounts receivable Common stock v Depreciation expense Interest expense Interest income Inventories Prepaid expenses Property and equipment Revenues Click if you would like to Show Work for this questioni 20 hari

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