Question: Derrick decided to start a dental practice The first 5 transactions for the practice/ business follow: 1. Derrick invested $70,000 cash in the practice/ business

 Derrick decided to start a dental practice The first 5 transactions

Derrick decided to start a dental practice The first 5 transactions for the practice/ business follow: 1. Derrick invested $70,000 cash in the practice/ business 2. Paid $10,000 in cash for equipment 3. Performed services in cash for $7,000 4. Paid $1,800 in cash for advertising expense 5. Paid $1,000 in cash for supplies Post the transactions in the appropriate T accounts

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