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Engracio Lucinada, Attorney-at-Law, opened his office on Sept. 1, 2014. The following transactions were completed during the month: A. Deposited P210,000 in the bank in

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Engracio Lucinada, Attorney-at-Law, opened his office on Sept. 1, 2014. The following transactions were completed during the month: A. Deposited P210,000 in the bank in the name of the business. B. Bought office equipment on account from Daraga Company, P147,000 C. Invested his personal law library into the business, P57,000. D. Paid office rent for the month, P7,600 E. Bought office supplies for cash, PB,850. F. Paid the premium for a one-year fire insurance policy on the equipment and the library, P1,860. G. Received professional fees for services rendered, P24,600 H. Received and paid bill for the use of a landline, P2,280. 1. Paid salaries of two part-time legal researchers, P9,600. J. Paid car rental expense, P2,880. K. Received professional fees for services rendered, P21,200. L. Paid Daraga Company a portion of the amount owed for the acquisition of the office equipment recorded earlier, P15,000. M. Lucinada withdrew cash for personal use, P20,750. REQUIRED: Record the transactions for the month of September 2014 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Office Equipment; Professional Library; Accounts Payable; and Lucinada, Capital. If the owner's equity account is affected by a transaction, identify it as revenue, expense, investment or withdrawal

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