Normal Balances and Financial Statements The following accounts are available for Haubstadt Shoe Works: Required: Using the table provided below, indicate whether each account normally has a debit or credit balance and indicate on which of the financial statements (income statement, retained earnings statement, or balance sheet) each account appears. Account Accounts Payable Accounts Receivable Accumulated Depreciation (Equipment) Advertising Expense Cash Common Stock Cost of Goods Sold Depreciation Expense (Equipment) Equipment Interest Expense Inventory Notes Payable Retained Earnings Sales Revenue Utilities Expense Check My Work more Check My Work uses remaining Debit/Credit Financial Statement