Delight City Bus System is accounted for in an enterprise fund/TUTORI Delight City Bus System is accounted for in an ent

Delight City Bus System is accounted for in an enterprise
fund
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Part 1
Delight City Bus System is accounted for in an enterprise fund.
Delight City Bus System had the following transactions for 2015.
Delight City Bus System issued $10,000,000 is 8 percent revenue
bonds. The bonds were issued at par.
Delight City Bus System used the proceeds from the bond issue to
acquire new buses.
Delight City Bus System accrued nine month’s interest ($600,000) at
year end.
Delight City Bus System incurred $50,000 of repair costs paying for
them with cash.
Required:
a. Prepare appropriate journal entries.
b. Which financial statements would be required for Delight City Bus
System for the year end June 30, 2015? State the titles and show the
general format of the classifications that would be reported in each of
the required financial statement.
Part 2.
Edgerton County has a duplication service center that it accounts for
in an internal service fund. During 2015 Edgerton County duplication
service center had the following transactions: