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 debit or a credit, and the financial statementbalance sheet or income statementwhere the account should be presented.

Account		Normal Balance		Financial statement
Accounts payable		select between debit and credit CreditDebit		select between balance sheet and income statement Income statementBalance sheet
Accounts receivable		select between debit and credit DebitCredit		select between balance sheet and income statement Balance sheetIncome statement
Common stock		select between debit and credit CreditDebit		select between balance sheet and income statement Balance sheetIncome statement
Depreciation expense		select between debit and credit CreditDebit		select between balance sheet and income statement Income statementBalance sheet
Interest expense		select between debit and credit DebitCredit		select between balance sheet and income statement Balance sheetIncome statement
Interest income		select between debit and credit CreditDebit		select between balance sheet and income statement Income statementBalance sheet
Inventories		select between debit and credit DebitCredit		select between balance sheet and income statement Balance sheetIncome statement
Prepaid expenses		select between debit and credit DebitCredit		select between balance sheet and income statement Balance sheetIncome statement
Property and equipment		select between debit and credit CreditDebit		select between balance sheet and income statement Balance sheetIncome statement
Revenues		select between debit and credit DebitCredit		select between balance sheet and income statement Balance sheetIncome statement