Problemon june 1 2014 siebens enterprises loaned 20000 to, Ask an Expert

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On June 1, 2014, Siebens Enterprises loaned $20,000 to Tyler Company for one year at 8 percent interest. Under the terms of the promissory note, Tyler will repay the principal and pay one year's interest on May 31, 2015. What total amount of cash will Siebens collect on May 31, 2015?

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Accounting Basics, Accounting

Category:- Accounting Basics
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