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For this Cnitical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction textbook, listed
For this Cnitical Thinking Assignment option, complete the following Review Questions from Chapter 4 of the Financial Management and Accounting Fundamentals for Construction textbook, listed on pp. 93-94 Review Question 1 What is the difference between joumalizing and posting? Review Question 4 Journalize the following transactions for Tip Top Associates, Inc., incurred during the month of July 19X4 (assume accrual basis): 12,000 6-Jul Initializing capital deposited in bank 10-Jul Office supplies purchased 12-Jul Purchase computer 250 3,500 (paying $1000 with balance on account) 15-J Office rent 20-Jul Billing to Jones County Board of Education 25-Jul Salaries-employee payroll 28-Jul Paid on account for computer 30-Jul Cost of expended supplies 425 1,255 655 800 145 Transaction# | Date Description Debit Credit Review Question 6 What is a "real" account? How does it differ from a nominal account? Show your work and upload your completed assignment as a Word document to the assignment dropbox
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