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Collins invested $87,000 cash in the business. Paid $27,000 in cash for equipment. Performed services for cash amounting to $8,700. Paid $3,500 in cash for

Collins invested $87,000 cash in the business. Paid $27,000 in cash for equipment. Performed services for cash amounting to $8,700. Paid $3,500 in cash for advertising expense. 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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