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On January 1. Year 1, Bell Corp. issued $180,000 of 10-year 6 percent bonds at their face amount. Interest is payable on December 31 of

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On January 1. Year 1, Bell Corp. issued $180,000 of 10-year 6 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31. Year 1. Required Show the effects of these bonds on the accounting equation for Year 1 and Year 2. (Negative amounts should be indicated by a minus sign.) BELL CORP Effect of Events on the Accounting Equation Year 1 and Year 2 Assets Liabilities Stockholders' Equity Cash Bonds Payablo Retained Earnings Event Year 1 111 12/31 Year 2 12/31

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