1. The City of Fort Collins (a local government) sells a building for $4 million in cash to the Larimer County Red Cross Chapter (a Not-for-Profit Organization). Remember the distinctions between when modified accrual and accrual accounting are used. (14 points)
2. Show the transaction as it would appear on the City's modified accrual transaction sheet and be sure to identify the specific accounts being impacted and the associated amounts. Assume it is a General Fund transaction.

Assets = Liabilities + Fund Balance

1. Show the transaction as it would appear for the not-for-profit Red Cross and be sure to identify the specific accounts being impacted and the associated amounts.

Assets = Liabilities + Net Assets

1. The Red Cross borrowed money to help buy the building. Show the transactions for the first year's loan repayment of $200,000 ($150,000 principal and $50,000 interest) and be sure to identify the specific accounts being impacted.

Assets = Liabilities + Net Assets

1. The Red Cross utilizes the straight-line method of depreciation for its property, plant and equipment. Given a useful life of 25 years for the building and no salvage value, show the transaction and be sure to identify the specific accounts being impacted that would be recorded at the end of the first full year they own the building.

Assets = Liabilities + Net Assets

Can you help me with this please. I need a step by step how to make this into an excel sheet? thank you