Falmouth City owns and operates a mini-bus system which it accounts for in an enterprise fund. Prepare journal entries to record the following transactions, which occurred in a recent year within Microsoft Excel. The mini-bus system issued $5 million of 8 percent revenue bonds at par and used the proceeds to acquire new mini-buses. As required by the bond covenant, the system set aside 1 percent of the gross bond proceeds for repair contingencies. The system accrued 6 months interest on the revenue bonds at year-end. The system incurred $30,000 of repair costs and paid for them with cash set aside for repair contingencies