1/1/X0 Interest payable = $6,000; 12/31/X0 Interest payable = $6,800; 1/1/X0 Interest receivable = $1,700; 12/31/X0 Interest receivable = $1,500; Accrual basis interest expense for X0 = $40,000. What is cash paid for interest in X0?
1/1/X0 Interest payable = $6,000; 12/31/X0 Interest payable = $6,800; 1/1/X0 Interest receivable = $1,700; 12/31/X0 Interest receivable = $1,500; Accrual basis interest expense for X0 = $40,000. What is cash paid for interest in X0?
$39,800
$40,200
$39,200
$40,600
$40,800