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Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $87,000 cash in the business. 2.

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

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