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

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

Derrick invested $45,000 cash in the business.

Paid $15,000 in cash for equipment.

Performed services for cash amounting to $4,500.

Paid $1,900 in cash for advertising expense.

Paid $1,500 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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