2 questions

Mave Corporation issued a 5% note payable on March 1, 20x9 for $73761, which was repaid on October 31, 20x9. The company issued another 10% note payable on April 1, 20x9 for $118552. This note was still outstanding at December 31, the company's year-end. What is the total interest expense relating to these notes for the year ended December 31, 20x9? Select one: a. $11350 b. $15543 c. $11965 od. $8891 Check On July 31, 20x1, the McGyver Company borrowed $879916 from one of its customers and issued a note payable for the amount. The interest, payable annually is 8%. The balance of the note is payable on July 31, 20x21. The company's year end is December 31. What is the interest expense to record for the year ended December 31, 20x1? Select one: a. $ 43996 b. $ 21118 C. $ 41063 d. $ 29331 Check