5 is hard for me

5 Required information (The following information applies to the questions displayed below.) Doyle Company issued $325,000 of 10-year, 5 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 $59,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. Part 1 of 2 0.66 points Required a. Prepare the journal entries for these events, and post them to T-accounts 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.) eBook View transaction list Hint Red Journal entry worksheet References Record the issue of bonds payable. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal Required information 5 Cash Land Year 1 Year 1 Part 1 of 2 End. Bal. End. Bal. Year 2 0.66 points Retained Earnings Year 1 eBook End. Bal. Bonds Payable End. Bal. Year 2 Hint Year 1 References End. Bal. End. Bal. Lease Revenue Interest Expense Year 1 Year 1 End. Bal Year 2 End. Bal. Year 2 End. Bal. End. Bal