The beginning balance of Prepaid Interest was $5,400 and the ending balance was $7,800. The Interest Expense account for the year was $25,800.
How much cash was paid for interest?
A) $23,400
B) $28,200
C) $24,300
D) $25,800

Name: The beginning balance of Prepaid Interest was $5,400 and the ending balance was $7,800. The Interest Expense account for the year was $25,800. How much cash was paid for interest? A) $23,400 B) $28,200 C) $24,300 D) $25,800
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

11ee472f_eebb_e41b_a6cd_4be159907df7_TBCB1009_00

The Beginning Balance of Prepaid Interest Was $5,400 and the Ending