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. Post the above transactions into the appropriate T accounts.

Cash					Equipment
					Bal.
Bal.
Fees Income					Advertising Expense
Bal.					Bal.
Supplies					Derrick Wells, Capital
Bal.					Bal.