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Required information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below) Doyle
Required information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below) Doyle Company issued $370,000 of 10-year, 9 percent bonds on January 1, Year 2. 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 $55,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Exercise 10-6A Part b b. Prepare the income statement, balance sheet, and statement of cash flows for Year 2 and Year 3 Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Reg B Bal Sheet Reg B Stmt Cash Flows Prepare the income statement for Year 2 and Year 3 Exercise 10-6A Part b b. Prepare the income statement, balance sheet, and statement of cash flows for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Reg B Bal Sheet Reg B Stmt Cash Flows Prepare the income statement for Year 2 and Year 3. DOYLE COMPANY Income Statements For the Year Ended December 31 Year 2 Year 3 Reg B Bal Sheet Req B Bal Sheet> DOYLE COMPANY Balance Sheet As of December 31 Year 2 Year 3 Assets Total assets Liabilities Total liabilities Stockholders' equi Total stockholders' equity Total liabilities and stockholders' equity Prepare the statement of cash flows for Year 2 and Year 3. (Amounts to be deducted should be indicated with a minus sign.) XYLEMATY Statement of Cash Flows For the Year Ended December 31 Year 2 Year Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net change in cash Ending cash balance
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