The Keweenaw Sunshine Development Corporation reported the following for the year ended December 31, 2018: 1/1/18 12/31/18Discount on Bonds Payable$17,500  $15,750 Interest Payable$19,500  $17,350 Interest Expense $47,750       How much cash did Keweenaw pay for interest during 2018?

A. $51,650
B. $46,350
C. $48,150
D. $43,850


Answer: C

Business

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