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 expenses. 5. paid 2,700 in cash for supplies.

(1). Select which two accounts are affected in each of the above transitions. (2&3) Post the above transitions into the appropriate T accounts.

3. Fees $200 in cach tor supelies. Complete this puestion by entering your answers in the tabs below. Pest the above transactons into the appropniate T accounts