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Use the Information Provided Below to Calculate the Cash Paid

Question 163

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Use the information provided below to calculate the cash paid for interest for the period.
Interest payable, beginning-year. $4,200  Interest expense. 26,700   Interest payable, year-end  3,000  Cash paid for interest  \begin{array}{|l|l|cc|} \hline \text {\quad\quad\quad } & \text {Interest payable, beginning-year. } & \text {\$4,200 }\\\hline \text { } & \text {Interest expense. } & \text {26,700 }\\\hline \text { } & \text { Interest payable, year-end } & \text { 3,000}\\ \hline\text { } & \text { Cash paid for interest } & \text { }\\\hline \end{array}

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