03SCL OLLUUII Complete this question by entering your answers in the tabs below. Transactions Analyze Post the following transactions into the appropriate accounts. (Select the Debit account first, then the credit account.) 1. Ronald Calhoun invested $53,000 cash in the business. 2. Purchased office furniture for $15.300 in cash, 3. Bought a fax machine for $880payment is due in 30 days ho a O search ework Seved Help s Problem 3.2A (Algo) Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1, 3-2 The following transactions took place at Calhoun Counseling Services, a business established by Ronald Calhoun Post the following transactions into the appropriate T accounts. Transactions: 1. Ronald Calhoun invested $53,000 cash in the business. 2. Purchased office furniture for $15,300 in cash. 3. Bought a fax machine for $880, payment is due in 30 days 4. Purchased a used car for the firm for $15,300 in cash 5. Calhoun invested an additional $11,700 cash in the business. 6. Bought a new computer for $2.300; payment is due in 60 days. 7. Paid $880 to settle the amount owed on the fax machine, 8. Calhoun withdrew $3,300 in cash for personal expenses Analyze: Which transactions affected asset accounts? Complete this question by entering your answers in the tabs below. o to search 4. Purchased a used car for the firm for $15,300 in cash 5. Calhoun invested an additional $11,700 cash in the business k ances 6. Bought a new computer for $2,300 payment is due in 60 days 7. Pald $880 to settle the amount owed on the fax machine *** 0 > o here to search