Question: MULTIPLE CHOICE Select the best answer. (4 points each) Use the following information to answer the next two (2) questions Marlin Company has the following

MULTIPLE CHOICE Select the best answer. (4 points each) Use the following information to answer the next two (2) questions Marlin Company has the following notes payable outstanding during 2018 Note B May 1, 2018 1 year $9,000 5% Note A Date issued Term Principal Interest rate September 1, 2017 9 months $30,000 6% August 1, 2018 6 months $12,000 8% 51. How much is Marlin's total interest expense for 2018 a. $930 b. $1,450 c. $2,280 d. e. none of the above What amount of interest payable will Marlin report on its December 31, 2018 balance sheet? a. $700 b. $710 c. $230 d. $930 e none of the 52

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