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Derrick Wells decided to start a dental practice. The first five transactions for the business follow 1. Derrick invested $77,000 cash in the business 2.
Derrick Wells decided to start a dental practice. The first five transactions for the business follow 1. Derrick invested $77,000 cash in the business 2. Paid $17,000 in cash for equipment. 3. Performed services for cash amounting to $7,700. 4. Paid $2,500 in cash for advertising expense. 5. Paid $1,700 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Select which two accounts are affected in each of the above transactions. Debit Transactions Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Credit 1. Derrick invested $77,000 cash in the business 2. Paid $17,000 in cash for equipment. 3. Performed services for cash amounting to $7,700. 4. Paid $2,500 in cash for advertising expense 5. Paid $1,700 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 Complete this question by entering your answers in the tabs below Req 1 Req 2 and 3 Post the above transactions into the appropriate T accounts. Cash Equipment Bal Bal Fees Income Advertising Expense Bal Bal Supplies Derrick Wells, Capital
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