Matthew Lake and John Russell, attorneys-at-law, are partners with the firm of Lake Russell \& Associates (the Firm). The Firm was registered on February 1, 2023, and opened its doors to clients on February 10, 2023. The Firm did not employ an accountant but has provided the following transaction details for the month of February 2023: February 5 The partners contributed capital in the following amounts: Both partners made payment by cheques. February 6 The Firm opened two chequing accounts at separate banks as follows: (1) BCP Bank, designated as clients Trust Bank account. (2) Coastal Retail Bank, designated as the Firm's Bank account. February 6 The Firm deposited the entire capital amount of $800,000 in the bank account held at Coastal Retail Bank. February 6 On that same day, the Firm transferred $10,000 from the Coastal Retail Bank account to the BCP bank account. With both bank accounts now active, the Partners carried out the following transactions: February 7 Rented a small office building and paid the first month's rent by cheque in the amount of $120,000. February 8 Purchased stationery in the amount of $12,000, paying by cheque. February 8 Purchased office furniture from Furniture R US on credit in the amount of $232,000. February 9 Transferred $80,000 from the Coastal Retail Bank account to a cash account, in order to pay small miscellaneous bills. February 10 Purchased miscellaneous office items amounting to $14,000, paying by cash. February 12 Purchased the following office equipment, paying by cheque. The Firm made the decision to maintain a single account for all office equipment. February 13 Purchased legal books for the library, on credit, from Wordy Prose Limited in the amount of $140,000. February 15 Paid for a small office sign amounting to $30,000, paying by cash. February 16 Paid utility bills directly to First Utility Company by a wire transfer. The payment was made from the Coastal Retail Bank account. The bills totalled $52,000. February 18 The Firm employed an administrative clerk at an initial salary of $56,000 for the month of February. On February 28 , the salary payment was paid for the days worked. Payment was made by cheque. February 20 The Firm received its first client, Lester Jones. The client paid a retainer in the amount of $300,000 by cheque. February 25 Partner Lake took control of the Lester Jones matter, incurring administrative expenses in the amount of $70,000. This was paid by cheque drawn on BCP Bank. February 26 The Partners conducted a seminar and earned fees amounting to $130,000. This amount was wired directly to the Firm's bank account. February 27 The Lester Jones matter closed on February 26, 2023. The partner then prepared a statement of account for the client, as shown below. February 28 The client received the statement and paid the statement balance in the amount of $100,000. Payment was made by cheque. February 28 The Firm made the following payments by cheque: February 28 The Firm also made the following payments in cash: (1) Ancillary services $20,000 (2) Telephone expenses $13,000 February 28 The Firm was engaged by three clients who made retainer payments as follows: (1) Lisa Clarke - $250,000 via direct transfer (2) Brian Bird - $180,000 by cheque (3) Keith Jones - $44,000 in cash February 28 At the partners' meeting held on February 28, it was agreed that the legal fees charged on the Lester Jones matter were now earned and are to be transferred to the Firm's bank account. February 28 The Firm conducted a mediation session for the Civil Dispute Association. Fees charges were $160,000. The Association was given 30 days to pay; the payment due date being Mach 30, 2023. Required: (i) Prepare the ledger accounts to reflect the accounting transactions for the month of February