The following transactions took place at Calhoun Counseling Services, a business established by...
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The following transactions took place at Calhoun Counseling Services, a business established by Ronald Calhoun Post the following transactions into the spropriate accounts. Transactions: 1. Ronald Calhoun invested $61000 cash in the business. 2 Purchased office furniture for $16,100 in cash. 3. Bought a fex machine for $960 payment is due in 30 days 4. Purchased a used car for the firm for $16.100 In cash. 5. Calhoun invested on ditional $10,100 cash in the business. 6. Bought a new computer for $3,100 payment is due in 60 days. 7. Paid $960 to settle the amount owed on the isx machine 8. Ca noun withdrew $4100 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 accounts. (Select the Debit account first, then the Credit account.) 1. Ronald Calhoun investad 61.000 cash in the business 2. Purchased on miture for $16.100 in cash 3. Bought a fax machine for SOGO, payment is in 30 days 4. Purchased a used car for the firm for $16.100 in cash 5. Calhoun invested an additional $10,100 cash in the business 6. Bought a new computer for $2.100, payment is due in 60 days. 7. Paid $960 to settle the amount owed on the fax machine 2. Calhoun withdrew $4,100 in cash for personal expenses Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 111
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