In your own words, define the following terms and describe their
differences. In addition, classify each account as A, L, SE, R, or
E and state which financial statement(s) each account affects.
(a) Interest revenue, interest receivable, interest payable,
cash interest paid, and cash interest received. To whom does your
company pay interest? From whom does your company receive interest?
Note the different counterparties.
(b) Rent expense, prepaid rent expense, rent payable, and cash
paid for rent.
(c) Supplies expense,...