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Required information Exercise 10-6A Two accounting cycles for bonds issued at face value LO 10-3 [The following information applies to the questions displayed below) Doyle Company issued $370,000 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 immediately invested the proceeds from the band issue in land. The land was leased for an annual $55,000 of cash revenue, which was collected on December 31 of each year. beginning December 31. Year 2. Exercise 10-6A Part a Required o. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input leave cells blerik if there is no corresponding input needed.) DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Stockholders Ilahi blank if there is no corresponding input needed.) DOYLE COMPANY Effect of Events on the Accounting Equation Year 2 and Year 3 Assets Liabilities Stockholders Equity Land Bonds Cash Retained Payable Earnings Event Accounts Titles for Retained Earnings Year 2 1/1 11 1/1 12/31 + + + + + +++++ 12/31 Bal. Year 3 Beg ball 12/31 12/31 End bal ++++

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