Question: On June 1 , 2 0 2 3 . Siebens Interprises loaned $ 2 0 , 0 0 0 to Tyler Company for one year

On June

1, 2023 .

Siebens Interprises loaned $

20, 000

to Tyler Company for one year at s percent interest. Under the terms of the promissory note, Tyler will repay the principal and pay one year's interest on May

31, 2024 .

9 .

Related to this note recelvable, what amount of interest income would slebens report on its

2023

income statement?

.

1, 000

.

1, 600

.

800

.

933

On June 1 , 2 0 2 3 . Siebens Interprises loaned

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