Exercise $7-13$A $($Algo$)$ Two complete accounting cycles: Bonds issued at face value with annual interest LO $7-7$

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Doyle Company issued $$430,000$ of $10-$year, $6$ percent bonds on January $1,$ Year $1.$ The bonds were issued at face value. Interest is payable in cash on December $31$ of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $$58,000$ of cash revenue, which was collected on December $31$ of each year, beginning December $31,$ Year $1.$

Exercise $7-13$A $($Algo$)$ Part a

Required

Organize the transaction data in accounts under the accounting equation for Year $1$ and Year $2.($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.$)$