Question: please help me, I cannot figure out how this works!?? please help? The following transactions took place at Calhoun Counseling Services, a business established by




please help me, I cannot figure out how this works!?? please help?
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 $67,000 cash in the business. 2. Purchased office furniture for $16,700 in cash. 3. Bought a fax machine for $1,020; payment is due in 30 days. 4. Purchased a used car for the firm for $16,700 in cash. 5. Calhoun invested an additional $10,700 cash in the business. 6. Bought a new computer for $3,700; payment is due in 60 days. 7. Paid $1,020 to settle the amount owed on the fax machine. 8. Calhoun withdrew $4,700 in cash for personal expenses. Analyze: Which transactions affected asset accounts? Complete this question by entering your answers in the tabs below. Post the following transactions intn tha snnmaint. - . lect the Debit account first, then the Credit account.) 4. Purchased a used car for the firm for $16.700 in Analyze >
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