Required information

$[$The following information applies to the questions displayed below.$]$

Doyle Company issued $$320,000$ of $10-$year, $5$ 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 $$56,500$ of cash revenue, which was collected on December $31$ of each year,

beginning December $31,$ Year $2.$

Required

$.$ Organize the transaction data in accounts under the accounting equation for Year $2$ and Year $3.$

Note: Enter any decreases to account balances with a minus sign. Not all cells in the "Account Titles for Retained Earnings"

column may require an input $-$ leave cells blank if there is no corresponding input needed.DOYLE COMPANY

Effect of Events on the Accounting Equation

Year $2$ and Year $3$