Week 2: Homework Problems Chapter 3 2 Seved Help Save & Exit Submit Check my work 25 points Skipped eBook References 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 $51,000 cash in the business. 2. Purchased office furniture for $15,100 in cash. 3. Bought a fax machine for $860; payment is due in 30 days. 4. Purchased a used car for the firm for $15,100 in cash. 5. Calhoun invested an additional $11,900 cash in the busiriess. 6. Bought a new computer for $2,100; payment is due in 60 days. 7. Paid $860 to settle the amount owed on the fax machine. 8. Calhoun withdrew $3,100 in cash for personal expenses. Analyze: Which transactions affected asset accounts? Complete this question by entering your answers in the tabs below. Transactions Analyze Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account.) 1000 cash in the business