On February 28, 2021, Bonita Ltd.s general ledger contained the following liability accounts:

Accounts payable		$46,500
CPP payable		3,180
EI payable		1,152
Sales tax payable		6,300
Employee income tax payable		5,545

The following selected transactions occurred during the month:

Mar.	2		Issued a three-month, 6% note payable in exchange for an account payable in the amount of $12,000. Interest is due at maturity.
	3		Sold inventory for cash totalling $40,000, plus 13% HST. The cost of goods sold was $26,000. Bonita uses a perpetual inventory system.
	4		Received the property tax bill of $16,000 for the calendar year. It is payable on May 31. (Hint: No accrual has been recorded during the year.)
	12		Provided services for customers worth $10,000 plus HST of 13%. The company received payment in full for services and HST.
	16		Remitted $9,877 to the government for amounts owing from the February payroll for employee payroll deductions of $7,615 (CPP $1,590, EI $480, and employee income tax $5,545) and for employee benefits of $2,262 (CPP $1,590 and EI $672).
	27		Paid $30,000 to trade creditors on account.
	30		Paid employees for the month. Gross salaries totalled $17,000 and payroll deductions included CPP of $801, EI of $259, and employee income tax of $5,810. Employee benefits included CPP of $801 and EI of $363.
	31		Remitted $6,300 HST pertaining to sales tax collected in February.

a) Record the above transactions.

b) Record any required adjusting entries at March 31.

c) Prepare the current liabilities section of the statement of financial position at March 31.