Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 The following information applies to the questions displayed below.J Doyle Company issued $269,000 of 10-year, 7 percent bonds on January 1, 2016. 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 $52,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2016. References Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 Section Break value: 2.00 points You received credit for this question in a previous attempt Exercise 10-6A Part a Required a. Prepare the journal entries for these events, and post them to T-accounts for 2016 and 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit January 01, 2016 Cash 269,000 Bonds payable 269,000 January 01, Land 269,000 2016 Cash 269,000 Decembe Cash 31, 2016 52,000 Lease revenue 52,000 2 December 31, 2016 Interest expense 18,830 Cash 18,830 December Lease revenue 31, 2016 5 52,000 Interest expense 18,830 Retained earnings 33,170 ? Decembe Cash 31, 2017 52,000