Jackson Inc. in financial statements annually and in cand it may 1 - December 31) entity Jackson Inc borrowed 9750,000 on March 2008 The teamed as interne wie both incipal and interest to be paid on Feb. 20x Requirement Calenie the total amount of west konine will have to pay on this note payable on the February 1, 20X1 date of matunity Principal Rally Time Totalter Requirement 2: Show the conting saation trets of Requirement Record the journal entries asociated with Isningene March 1, 20XX ung teen March 1, 20XX 1. Recording the increantener 120XX h. Recording the interest accrual on December 31, 20XX Paying of the male and the scated into on February 1, 20X1 Piyang off the sole and the triocited interest on February 120x1 Annet Stockholders' paty 20XX Adjustar Estry interest Principal Rate 28X1 Frete Principal *RAR Time Total Interest Total Internet