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Required information [The following information applies to the questions displayed below. Doyle Company issued $330,000 of 10 -year, 9 percent bonds on January 1 ,

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Required information [The following information applies to the questions displayed below. Doyle Company issued $330,000 of 10 -year, 9 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 $58,000 of cash revenue, which was collected on December 31 of each year. beginning December 31 , Year 1. Required Organize the transaction data in accounts under the accounting equation for Year 1 and Year 2 . (Enter any decreases to occount balances with a minus sign. If there is no effect on the Account Titles for Retoined Earnings, leave the cell blank. Not all cells will require entry.) a. Organize the trariaction data in occounts under the accounting equation for Year 1 and Year 2. (Emter any deereases to necount balances with a minus sign. If there is no effect on the Accoumt Titles for Retalned Eamings, lenve the cell blnnk. Not all cells will require entry.)

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