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On January 1, Year 1, Bell Corporation issued $180,000 of 10-year, 6 percent bonds at...

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Question

Accounting

On January 1, Year 1, Bell Corporation issued $180,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, Year 1.
Required:
Show the effects of these bonds on the accounting equation for Year 1 and Year 2.
Note: Negative amounts should be indicated by a minus sign.
\table[[BELL CORPORATION],[Effect of Events on the Accounting Equation],[Year 1 and Year 2],[Event,Assets,=,Liabilities,+,Stockholders' Equity],[Cash,,Bonds Payable,,Retained Earnings],[Year 1'],[11,*,,=,-,+,],[1231,,=,,+,],[Year 2],[1231,,=,,+,]]
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