Doyle Company issued $500,000 of 10-year, 7 percent bonds on January 1, 2016. The bonds were issued at face value. Interest is payable in cash on December 31st of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual cash revenue of $125,000 which was collected on December 31 of every year, beginning 12/31/16.Required: A) Pepare the journal entries for these events and post them to T-accounts for 2016 and 2017. B) Prepare the income statement, balance sheet, a nd statement of cash flows for 2016 and 2017.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600