You are believer that new employees should practice their accounting sKHIs petore "throwrng tnem Into the fire." Therefore. you have listed a series of transactions that require journal entries and updating of T- Accounts. You know that preparing nonprofit journal entries are easy, so you ask the new employee to prepare, side by side. the correctjournal entry for the identical transaction: - once for a nonprofit entity - once tor a for-prot company - include notes for each transaction Transaction 1: Assume a nonprofit has a restricted fund for capital asset purchases. Compare the journal entries tor the cash purchase of a $10,000 computer by the nonprofit, to how the journal entry would look for this tor-profit