Show transcribed image text A company reported annual interest expense of $46,800. During the year, interest payable decreased from a $10,200 beginning balance to a $5.640 ending balance. How much cash was paid for interest during the year? Select one: O A. $52,440 B. $51.360 C. $42.240 D. $57,000 O E. None of the above
A company reported annual interest expense of $46,800. During the year, interest payable decreased from a $10,200 beginning balance to a $5.640 ending balance. How much cash was paid for interest during the year? Select one: O A. $52,440 B. $51.360 C. $42.240 D. $57,000 O E. None of the above
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