2 Part2 8.33 Required information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below) Doyle Company issued $310,000 of 10-year, 5 percent bonds on January 1 Year 2 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 $51000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2 Exercise 10-6A Part a Required s.Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3 (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input-leave cells blank if there is no corresponding input needed.) DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Assets Liablities + Event Cash Land Bonds Payable Stockholders' Equity Retained Camings Accounts Ties for Retained Earnings 2 Part 1 of 2 8.33 points Required information Required a. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding input needed.) DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Book Assets Pet Liabilities Event Cash Land Bonds Payable Stockholders' Equity Retained Earnings Accounts Titles for Retained Earnings Year 2 1/1 1/1 12/31 12/31 Bal Year Beg bal 12/31 12/31 End bal 0+