Benoit Company has the following selected transactions:Feb$\mathrm{.}1$ Signed a $$50,000,$ six$-$month, $7\%$ note payable to the Central Canadian Bank, receiving $$50,000$ in cash. Interest is payable at maturity$\mathrm{.}10$ Cash register receipts totalled $$37,565,$ plus $13\%$ HST$\mathrm{.}28$ The payroll for the month is salaries of $$50,000.$ CP contributions and El premiums withheld are $$2,725$ and $$790,$ respectively. A total of $$15,000$ in income taxes is withheld. The salaries are paid on March $1.$The following adjustment data are noted at the end of the month:$1.$ Interest expense should be accrued on the note$\mathrm{.}2.$ Employer payroll costs are recorded. In addition to mandatory costs, the company also pays $$800$ a month for a dental plan for all its employees$\mathrm{.}3.$ Some sales were made under warranty. Of the units sold under warranty this month,$350$ are expected to become defective. Repair costs are estimated to be $$40$ per defective unit.Instructions:Record the February transactions. Round your calculations to the nearest dollar.Record the adjusting entries at February $28.$