The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.
Accounts payable .........Interest income
Accounts receivable....... .Inventories
Common stock ...........Prepaid expenses
Depreciation expense ........Property and equipment
Interest expense .........Revenues

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.