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Baxter Company issued $638,000, 8%, 3 - year bonds for 97, with interest paid annually. Assuming straight - line amortization, what is the journal entry

Baxter Company issued $638,000, 8%, 3 - year bonds for 97, with interest paid annually. Assuming straight - line amortization, what is the journal entry for the first interest payment? (Round intermediary and final answers to two decimal places) Can you show steps on how to get the

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