On January 1, 2010, Gee Company issued a 2-year, 8%, $20,000 installment note payable. The payment on this note is $11,215 and is paid annually at year-end beginning December 31, 2009. When the note was issued, the market rate of interest was 8%. Complete the following amortization schedule.

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The Answer of On January 1, 2010, Gee Company issued a 2-year, 8%, $20,000 installment note payable. The payment on this note is $11,215 and is paid annually at year-end beginning December 31, 2009. When the note was issued, the market rate of interest was 8%. Complete the following amortization schedule.

On January 1, 2010, Gee Company Issued a 2-Year, 8