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 $50,000 cash in the business. 2. Purchased office furniture for $15,000 in cash. 3. Bought a fax machine for $850; payment is due in 30 days. 4. Purchased a used car for the firm for $15,000 in cash. 5. Calhoun invested an additional $12,000 cash in the business. 6. Bought a new computer for $2,000, payment is due in 60 days. 7. Paid $850 to settle the amount owed on the fax machine 8. Calhoun withdrew $3,000 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 p demonstrate your understanding of decreases to account balances Complete this question by entering your answers in the tabs below.