Martha Engel started up a new nonprofit organization name Concern for Animal Shelter and Habitats (CASH). The organization places homeless animals in permanent homes. Transactions during the first month of operations were as follows:

1. CASH borrowed $50,000 from a local bank. No interest is due on the loan during the first month, and the principal does not have to be paid back for 2 years.
2. CASH signed a contract with a local carpenter to build a fence to enclose the backyard. The carpenter charges $250 per hour and expects the fence to take 10 hours to complete. He expects to begin work next month.
3. CASH bought 50 bags of dog food and 25 bags of cat food. Dog food costs $20 per bag, while cat food costs $30 per bag. The pet food was bought on credit (i.e., CASH has not yet paid for the supplies).
4. CASH bought a sign to hang in front of its building. The sign cost $5,000 and CASH paid for it when it was received.
5. CASH purchased and received an office computer, server, printer, and copier. The total cost of the equipment was $10,000, half of which was paid, and the other half was still owed.
6. Show the impact of these transactions on the fundamental equation of accounting. Use the template provided to document your answers.

provide formulas

TEMPLATE
	Assets				=	Liabilities and Net Assets
						Liabilities		Net Assets
								Without	With
			Office			Accounts	Loan	Donor	Donor
	Cash	Supplies	Equipment	Office Sign		Payable	Payable	Restrictions	Restrictions
Beginning Balance
Transaction # 1
Transaction # 2
Transaction # 3
Transaction # 4
Transaction # 5
Ending Balance	$0	$0	$0	$0		$0	$0	$0	$0

Answer rating: 100% (QA)

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