Exercise $10-6$A $($Algo$)$ Two accounting cycles for bonds issued at face value LO $10-3$

$[$The following information applies to the questions displayed below.$]$

Doyle Company issued $$440,000$ of $10-$year, $6$ percent bonds on January $1,$ Year $2.$ The bonds were issued at face value. Interest is payable in cash on December $31$ of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $$59,000$ of cash revenue, which was collected on December $31$ of each year, beginning December $31,$ Year $2.$

Exercise $10-6$A $($Algo$)$ Part a

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. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells will require entry.

$\backslash$table$[[$DOYLE COMPANY$],[$Effect of Events on the Accounting Equation$],[$Year $2$ and Year $3],[$Event$,$Assets,$=$

$\backslash$table$[[$Liabilities$],[$Bonds$],[$Payable$]],+,$Stockholders' Equity,Account Titles for Retained Earnings$],[$Cash$,+,$Land,$\backslash$table$[[$Retained$],[$Earnings$]]],[$Year $2],[1/1,,+,,=,,+,,],[1/1,,+,,=,,+,,],[12/31,,+,,=,,+,,],[12/31,,+,,=,,+,,],[$Balance$,0,+,0,=,0,+,0,],[$Year $3],[$Beginning balance,,$+,,=,,+,,],[12/31,,+,,=,,+,,],[12/31,,+,,=,,+,,],[$Ending balance,$0,+,0,=,0,+,0,]]$