xercise 3.2 bjective 3-2 Using T accounts to analyze transactions. Derrick Wells decided to start a dental practice. The first five transactions for the business follow. For each transaction, (1) determine which two accounts are affected, (2) set up T accounts for the affected accounts, and (3) enter the debit and credit amounts in the T accounts. 1. Derrick invested $45,000 cash in the business. 2. Paid $15,000 in cash for equipment. 3. Performed services for cash amounting to $4,500. 4. Paid $1,900 in cash for advertising expense. 5. Paid S1,500 in cash for supplies