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

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Accounting

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Derrick Wells decided to start a dental practice. The first five transactions for the business follow 1. Derrick invested $70,000 cash in the business. 2 Paid $10,000 in cash for equipment. 3. Performed services for cash amounting to $7,000. 4. Paid $1,800 in cash for advertising expense. 5. Paid $1,000 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (283) Post the above transactions into the appropriate T accounts. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Select which two accounts are affected in each of the above transactions. Debit Credit Transactions Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5

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