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Zimsky Corp had the following balances for the years 20X0 and 20X1: 20x0 20X1 Interest Payable 20,000 16,000 Premium 45,000 42,500 Interest Expense 95,000 Required:

Zimsky Corp had the following balances for the years 20X0 and 20X1: 20x0 20X1 Interest Payable 20,000 16,000 Premium 45,000 42,500 Interest Expense 95,000 Required: Determine the Cash Paid for Interest during 20X1

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