Required information [The following information applies to the questions displayed below.] Doyle Company issued $450,000 of 10-year, 8 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 $51,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Required a. 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. Event Year 2 Cash Assets + DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Land = = Liabilities Bonds Payable + + Stockholders' Equity Retained Earnings Account Titles for Retained Earnings

Required informotion [The following information applies to the questions displayed below] Doyle Company issued $450,000 of 10-year, 8 percent bonds on January 1, Year 2 The bonds were issued at face value interest is payable in cash on Decerpber 31 of each year. Doyle immidiately invested the proceeds from the bond issue in land. The land was leased for an annual $51.000 of cash revenue, which was collected on December 31 of each year. beginning December 31. Year 2 Required o. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. Note: Enter any decreases to account belances 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