CH 3 GRADED HW #2 Help Save & Exit Submit 2 50 DONE Problem 3.2A Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1, 3-2 The following transactions took place at Canon Counseling Services, a business established by Ronald Calhoun Post the following transactions into the appropriate accounts Transactions: 1. Ronald Calhoun invested 559.000 cash in the business 2. Purchased office furniture for $15.900 in cash 3. Bought a fax machine for $940, payment is the in 30 days 4. Purchased a used car for them for $15.900 in cash 5. Calhoun invested an additional $11100 cash in the business 6. Dought a new computer for $2.900 payment is due in 60 days 7 Paid $94010 settle the amount owed on the fax machine 8. Calhoun withdrew $2900 in cash for personal expenses AL Analyze which transactions affected asset account accounts normally do not have any minus Unsin this problem to demonstrate your understanding of decreases to account balances