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Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $82,000 cash in the business 2.
Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $82,000 cash in the business 2. Paid $22,000 in cash for equipment. 3. Performed services for cash amounting to $8,200 4. Paid $3,000 in cash for advertising expense. 5. Paid $2,200 in cash for supplies. 1) Select which two accounts are affected in each of the above transactions (283) Post the above transactions into the appropriate T accounts. Cash Equipment Select which two accounts are affected in each of the above transactions Bal. Bal Transaction 3 Req 2 and 3 Bal Bal Supplies Derrick Wells, Capital Bal Bal Req 1 Req 2 and 3
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