document.write( "Question 1200233: Shanna Engel started up a new nonprofit organization in 2017 named Concern for Animal Shelter and Habitats (CASH). The organization places homeless animals in permanent
\n" ); document.write( "homes. Transactions during the first month of operations were as follows:
\n" ); document.write( "1. 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.
\n" ); document.write( "2. 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.
\n" ); document.write( "3. 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).
\n" ); document.write( "4. Bought a sign to hang in front of its building. The sign cost $5,000 and CASH paid for it when it was received.
\n" ); document.write( "5. 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.
\n" ); document.write( "Show the impact of these transactions on the fundamental equation of accounting. \n" ); document.write( "

Algebra.Com's Answer #834326 by ikleyn(52776) $\"\"$ $\"About$

You can put this solution on YOUR website!
.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "At this forum, we do teach Math.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "At this forum, we do not teach Finance.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );