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Required information [The following information applies fo...

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Accounting

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Required information [The following information applies fo the questions displayed below] Doyle Company issued $375,000 of 10-year, 8 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 $63.500 of cash revenue, which was collected on December 31 of each year beginning December 31 , Year 1 Required 0. Prepare the journal entries for these events, and post them to T-accounts for Year 1 and Year 2 Complete this question by entering your answers in the tabs below. Prepare the joumal entries for Year 1 and Year 2 . (If no entry is required for a transaction/event, select "No journal entry meuired" in the first account field.) Journal entry worksheet Post the entries to T-accounts for Year 1 and Year 2. (Select "cl" for all the closing entries.) Required information

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