Option #1: Problem Set For this Critical 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 journalizing and posting? Review Question 4 Journalize the following transactions for Tip Top Associates, Inc., incurred during the month of July 19X4 (assume accrual basis): 6-Jul Initializing capital deposited in bank $12,000 10-Jul Office supplies purchased 250 12-Jul Purchase computer 3,500 (paying $1000 with balance on account) 15-Jul Office rent 425 20-Jul Billing to Jones County Board of Education 1,255 25-Jul Salaries-employee payroll 655 28-Jul Paid on account for computer 800 30-Jul Cost of expended supplies 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