Question: For each account, indicate whether the normal balance is a debit or a credit, and the financial statement - balance sheet or income statement -
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
Accounts Payable
Accounts Receivable
Common Stock
Depreciation Expense
Interest Expense
Interest Income
Inventories
Prepaid Expenses
Property and Equipment
Normal Balance
Financial Statement
Revenues
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