Ludwig Inc. began operations on August 1, 2014, and showed the following account balances at August 31. Cash: $48,000; Accounts Receivable: $1,200; Prepaid Insurance: $4,800; Equipment: $1,600; Accounts Payable: $4,200; Unearned Revenue: $7,400; Share Capital: $41,900; Rent Earned: $4,700; Utilities Expense: $2,600. The following transactions occurred during September. a. September 1: Andrew Martin (a shareholder), received share capital in Ludwig Inc., after investing $50,000 cash into the business. b. September 4: Furniture was rented by a customer for $1,100 cash. c. September 5: One of Ludwig Inc.'s clients rented equipment today for $1,500 on credit. d. September 7: Ludwig Inc. will pay this month's water utilities bill of $250 received today, within 30 days. e. September 10 : Ludwig Inc. bought equipment on credit for $3,750. f. September 11 Ludwig Inc. received $1,400 towards payment for the services provided in transaction (c). g. September 14: Ludwig Inc. used $500 cash and $2,250 credit to purchase new equipment worth $2,750. h. September 16 : Ludwig Inc. received this month's electrical utilities bill today and paid it immediately; $350. i. September 17: Ludwig Inc. paid $750 for equipment purchased today. j. September 20: Ludwig Inc. paid $200 towards the bill from transaction (d). Enter each account balance as of August 31 in the appropriate T-account, and then record the transactions by entering the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell of the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Revenue Share Capital Rent Earned Utilities Expense