Note: Truncate the cents (do not round). On January 1", 20XX, your firm issues a $20,000, 3-year, 8% bond with interest payable annually. At the time of the issuance market rates are 11%. 1. Determine the amount of money received by your firm for the bond issuance. Note: Truncate the cents (do not round). On January 15, 20XX, your firm issues a $20,000, 3-year, 8% bond with interest payable annually. At the time of the issuance market rates are 11%. 1. Determine the amount of money received by your firm for the bond issuance. mun betodolo noisinomembros 1. 30kx 0.0% = 1600 20K+ILOO = 36 1,600 -- 1441 60_-1298 Bhakt = 31.322 2. Journalize the issuance of the bond. Use the value you calculated above. If you did not do the calculation, assume a value of $7,000