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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 slgn.) BELL CORP Effect of Events on the Accounting Equation Year 1 and Year 2 Assets Libilities Stockholders. Equity Cash Bonds Payable Refined Earrings Event Yeart 11 112/31 Year 2 12131

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