1 Part 1 of 2 20 points Required information [The following information applies to the questions displayed below.] Doyle Company issued $250,000 of 10-year, 6 percent bonds on January 1, Year 1. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $55,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. eBook Hint Print Reference Required a. Prepare the journal entries for these events, and post them to T-accounts for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Prepare the journal entries for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5678 Record the issue of bonds payable. Note: Enter debits before credits. Date Jan 01 General Journal Debit 250,000 Credit Bonds payable 250,000 Record entry View general journal Clear entry