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[The following information applies to the questions displayed below] Doyle Company issued $340,000 of 10 -year, 9 percent bonds on January 1 , Year 2

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[The following information applies to the questions displayed below] Doyle Company issued $340,000 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 immedlately 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, beginning December 31, Year 2. Exercise 10-6A (Algo) Part a Required 2. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. Note: Enter any decreases to account bolances with a minus sign. Not all cells in the "Account Titles for Retained Eornings" tolumn may require an input - leave cells blank if there is no corresponding input needed. DOYLE COMPANY Eifect of Events on the Accounting Equation

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