1.Ronald Calhoun invested $35,000 cash in the business.

2.Purchased office furniture for $8,500 in cash.

3.Bought a fax machine for $525; payment is due in 30 days.

4.Purchased a used car for the firm for $8,500 in cash.

5.Calhoun invested an additional $5,500 cash in the business.

6.Bought a new computer for $2,000; payment is due in 60 days.

7.Paid $525 to settle the amount owed on the fax machine.

8.Calhoun withdrew $2,500 in cash for personal expenses.

Analyze:Which transactions affected asset accounts?"