Record the accounting transactions below for the $Y,$ a nonprofit organization that uses accrual accounting. Record the transactions needed for the $2024$ calendar year. Be sure to identify the balance sheet categories and accounts used in each transaction. Attach a spreadsheet to show your work.

a$.$ On january $1,2024,$ the Y acquired gym equipment costing $$250,000$ for cash. The equipment has an expected life of $5$ years with a residual value of $20\%.$ The $Y$ uses straight$-$line depreciation.

b$.$ On January $1,2024,$ the $Y$ sent membership$-$renewal notices to all of its existing members. If all of the members renewed, the $Y$ would receive $$500,000.$ Historically, $10\%$ of members do not renew and will not pay the bill. The $Y$ recognizes all membership revenue when members are billed.

c$.$ On April $1,2024,$ the Y paid $$50,000$ for expenses related to its annual fund$-$raising drive.

d$.$ On April $1,2024,$ the $Y$ conducted its fundraising drive and received $$150,000$ in cash donations.

e$.$ On July $12,2024,$ the $Y$ purchased $$120,000$ worth of supplies and paid its suppliers $$135,000.$

f$.$ On August $20,2024,$ the $Y$ collected $$250,000$ that was owed to them for fiscal year $2019$ membership renewals.

g$.$ Through December $31$ st$,$ the $Y$ used $$150,000$ worth of supplies.