Question: Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick Invested $75,000 cash in the business. 2.

 Derrick Wells decided to start a dental practice. The first five

Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick Invested $75,000 cash in the business. 2. Paid $15,000 in cash for equipment. 3. Performed services for cash amounting to $7,500. 4. Paid $2,300 in cash for advertising expense. 5. Paid $1,500 in cash for supplies. (1) Select which two accounts are affected in each of the above transactlons. (2\&3) Post the above transactions into the approprlate 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

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