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Oklahoma oil corporation paid interest of $794,500 during 2024, and the interest payable account decreased by $115,500. what was interest expense for the year?

Oklahoma oil corporation paid interest of $794,500 during 2024, and the interest payable account decreased by $115,500. what was interest expense for the year?
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oklahoma oil corporation paid interest of $794,500 during 2024, and the interest payable account decreased by $115,500. what was interest expense for the year?

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User Dean Peters
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1 Answer

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The interest expense for the year was $679,000.
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User Emmanuel Bourg
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