These transactions relate to Metro Bus, which provides transportation services to residents of
	Parker County. Metro Bus is accounted for as a County Enterprise Fund.
	Prepare journal entries to record the following transactions in the Enterprise Fund.
	1. On April 1, Metro borrows $2,500,000 by issuing 10-year revenue bonds. Bond
	principal is to be paid back in 20 equal semi-annual installments, starting October 1,
	together with interest of 5% a year on the unpaid principal.
	2. On August 1, Metro pays cash for 8 buses costing $125,000 each. Metro also pays cash for
	land costing $90,000 and a building costing $750,000 to house its repair activity.
	3. On Sept 1, Metro invests $150,000 of unused cash in a Certificate of Deposit (CD).
	4. Metro pays cash of $75,000 to acquire an inventory of repair parts.
	5. Metro collects bus fares of $880,000, which it deposits in the bank.
	6. Metro sends an invoice for $12,000 to the County Social Services Agency for taking senior
	citizens on bus tours. The Agency receives appropriations from the General Fund.
	7. Metro pays salaries of $490,000 to its bus operators, mechanics, and administrative staff.
	8. On October 1, Metro pays the first installment of principal and interest on the revenue
	bonds in transaction 1.
	9. On Dec 1, the CD (transaction 3.) matures and Metro receives a check for $151,100.
	10. To record consumption of repair parts. A year-end physical inventory shows repair parts
	on hand amounting to $13,000. (See transaction 4.)
JE	Journal Entries		Dollar Amounts
Number	Account Names (be sure to indent your credit accounts)		Debit	Credit