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On January 1, 2010, Jackson Corporation Issued a 4-Year, 12

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On January 1, 2010, Jackson Corporation issued a 4-year, 12%, $20,000 installment note payable. The payment on this note is $6,585 and is paid annually at year-end beginning December 31, 2010. Complete the following amortization schedule.
On January 1, 2010, Jackson Corporation issued a 4-year, 12%, $20,000 installment note payable. The payment on this note is $6,585 and is paid annually at year-end beginning December 31, 2010. Complete the following amortization schedule.

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