The beginning balance of Prepaid Interest was $7,200 and the ending balance was $10,400. The Interest Expense account for the year was $34,400.
How much cash was paid for interest?
A) $33,200
B) $37,600
C) $31,400
D) $34,400

Name: The beginning balance of Prepaid Interest was $7,200 and the ending balance was $10,400. The Interest Expense account for the year was $34,400. How much cash was paid for interest? A) $33,200 B) $37,600 C) $31,400 D) $34,400
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The Beginning Balance of Prepaid Interest Was $7,200 and the Ending