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In your own words, define the following terms, noting their differences. In addition, classify each account as A, L, SE, R, or E and state

image text in transcribed In your own words, define the following terms, noting their differences. In addition, classify each account as A, L, SE, R, or E and state which financial statement(s) each account affects, directly and/or indirectly. (a) Interest revenue, Interest receivable, Cash interest received (b) Interest expense, Interest payable, Cash interest paid

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