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Prepare an income statement and a retained earnings statement for August and a classified balance sheet at August 31, 2025. Identify normal account balance and
Prepare an income statement and a retained earnings statement for August and a classified balance sheet at August 31, 2025. Identify normal account balance and corresponding financial statement. E3.6 (LO 2), K The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. 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. Identify normal balances and statement classifications
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