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Required information The following information applies to the questions displayed below) Doyle Campany issued $490,000 of 10-year, 6 percent bonds on January 1 , Year

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Required information The following information applies to the questions displayed below) Doyle Campany issued $490,000 of 10-year, 6 percent bonds on January 1 , Year 2 . The bonds were issued at face vaiue. 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 $57,000 of cash revenue, which was collected on December 31 of each year, boginning December 31, Year 2 lequired Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. lote: Enter any decreases to account balances with a minus sign. Not all cells in the "Account Titles for Retained Earnings" ofumn may require on input-leave cells blank if there is no corresponding input needed

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