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Bobby Collins decided to start a dental practice. The first five transactions for the business follow. 1. Collins invested $87.000 cash in the business. 2.

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Bobby Collins decided to start a dental practice. The first five transactions for the business follow. 1. Collins invested $87.000 cash in the business. 2. Paid $27,000 in cash for equipment. 3. Performed services for cash amounting to $8,700. 4. Paid $3,500 in cash for advertising expense. 8. Paid $2.700 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (2&3) Post the above transactions into the appropriate T accounts

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