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Exercise 3.2 (Algo) Using T accounts to analyze transactions. LO 3-2 Derrick Wells decided to start a dental practice. The first five transactions for the

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Exercise 3.2 (Algo) Using T accounts to analyze transactions. LO 3-2 Derrick Wells decided to start a dental practice. The first five transactions for the business follow 1. Derrick invested $72,000 cash in the business. 2. Paid $12,000 in cash for equipment. 3. Performed services for cash amounting to $7,200. 4. Paid $2,000 in cash for advertising expense. 5. Paid $1,200 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. Complete this question by entering your answers in the tabs below. Select which two accounts are affected in each of the above transactions, Req 1 Req 2 and 3 Post the above transactions into the appropriate T accounts

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