O Required information [The following information applies to the questions displayed below.) Doyle Company issued $384,000 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 $80,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. 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 Al Reg 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 5 6 7 8 Record the issue of bonds payable. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry View general Journal Clear entry Reg A2 > Required information [The following information applies to the questions displayed below) Doyle Company issued $384,000 of 10-year, 5 percent bonds on January 1, Ye 1. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immdiately invested the proceeds from the bond issue in land. The land was leased for an annual $80,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 1. 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. Reg A1 Req A2 Post the entries to T-accounts for Year 1 and Year 2. (Select "el" for all the closing entries.) Land Cash Year 1 Year 1 End. Bal 0 End. Bal Year 2 Retained Earnings Year 1 End. Bal. Bonds Payable End, Bal. Year 2 Year 1 End. Bal. End. Bal. Interest Expense Lease Revenue Year 1 Year 1 End. Bal Year 2 End. Bal Year 2 End. Bal End. Bal