Wk. 2- Apply: Exercisei Saved Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 2 1. Derrick invested $84,000 cash in the business. 2. Paid $24,000 in cash for equipment. 3. Performed services for cash amounting to $8,400. 4. Paid $3,200 in cash for advertising expense. 5. Paid $2,400 in cash for supplies. 12 points (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 2 and 3 Req 1 Select which two accounts are affected in each of the above transactlons Credit Transactions Debit Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Req 2 and 3 Req 1 Wk. 2 - Apply: Exercise SEved Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 2 1. Derrick invested $84,000 cash in the business 2. Paid $24,000 in cash for equipment 3. Performed services for cash amounting to $8.400. 4. Paid $3,200 in cash for advertising expense. 5. Paid $2.400 in cash for supplies 12 points () 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 2 and 3 Req 1 Post the above transactlons Into the approprlate T accounts. Cash Equipment Bal Bal Fees Income Advertising Expense Bal Bal Derrick Wells, Capital Supplies Bal. Bal Req 1 Req 2 and 3