The Pulaski Corporation reported the following for the year ended December 31,2014: $$\begin{array}{l}
\begin{array} { l l l }
&\underline { 1 / 1 / 14 } & \underline { 12 / 31 / 14 } \
\text { Premium on Bonds Payable } & \$ 28,500 & \$ 25,750 \
\text { Interest Payable } & \$ 7,350 & \$ 9,500
\end{array}\
\text { Interest Expense } \quad \$ 62,250
\end{array}$$
How much cash did Pulaski pay for interest during 2014?
A)$57,350
B)$62,850
C)$60,100
D)$67,150

Question

The Pulaski Corporation reported the following for the year ended December 31,2014: $$\begin{array}{l}
\begin{array} { l l l } 
&\underline { 1 / 1 / 14 }  & \underline { 12 / 31 / 14 } \
\text { Premium on Bonds Payable } & \$ 28,500 & \$ 25,750 \
\text { Interest Payable } & \$ 7,350 & \$ 9,500
\end{array}\
\text { Interest Expense } \quad \$ 62,250
\end{array}$$
How much cash did Pulaski pay for interest during 2014?
A)$57,350
B)$62,850
C)$60,100
D)$67,150

Quizplus · Accepted Answer

The Answer of The Pulaski Corporation reported the following for the year ended December 31,2014: $$\begin{array}{l}
\begin{array} { l l l } 
&\underline { 1 / 1 / 14 }  & \underline { 12 / 31 / 14 } \
\text { Premium on Bonds Payable } & \$ 28,500 & \$ 25,750 \
\text { Interest Payable } & \$ 7,350 & \$ 9,500
\end{array}\
\text { Interest Expense } \quad \$ 62,250
\end{array}$$
How much cash did Pulaski pay for interest during 2014?
A)$57,350
B)$62,850
C)$60,100
D)$67,150

The Pulaski Corporation Reported the Following for the Year Ended