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 $68,000 cash in the business. 2. Purchased office furniture for $16,800 in cash. 3. Bought a fax machine for $1,030: payment is due in 30 days. 4. Purchased a used car for the firm for $16.800 in cash 5. Calhoun invested an additional $10,800 cash in the business. 6. Bought a new computer for $3.800: payment is due in 60 days. 7. Paid $1,030 to settle the amount owed on the fax machine. 8. Calhoun withdrew $4,800 in cash for personal expenses Analyze: Which transactions affected asset accounts? T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. 1 of 2 Next >