Derrick Wells decided to start a dental practice. The first five transactions for the business follow.

Derrick invested $$72,000$ cash in the business.

$12\mathrm{.}5$ points $$

Paid $$12,000$ in cash for equipment.

Performed services for cash amounting to $$7,200.$

Paid $$2,000$ in cash for advertising expense.

Paid $$1,200$ 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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