On February 28, 2021, Swifty Ltd's general ledger contained the following liability accounts: Accounts payable CPP payable El payable Sales tax payable Employee income tax payable $46,000 3.380 1,128 5.900 5,500 The following selected transactions occurred during the month: Mar 2 3 Issued a three-month, 6% note payable in exchange for an account payable in the amount of $14,000. Interestis due at maturity Sold inventory for cash totalling $50,000 plus 13% HST. The cost of goods sold was $24,000. Switty uses a perpetual inventory system, Received the property tax bill of $18,000 for the calendar year. It is payable on May 31 (Hint: No accrualhas been recorded during the year.) Provided services for customers worth $10,000 plus HST of 13%. The company received payment in full for Services and HST. 4 12 12 16 Provided services for customers worth $10,000 plus HST of 13%. The company received payment in full for services and HST. Remitted $10,008 to the government for amounts owing from the February payroll for employee payroll deductions of $7,660 (CPP $1,690, EI $470, and employee income tax $5,500) and for employee benefits of $2,348 (CPP $1,690 and El $658). Paid $27,000 to trade creditors on account Paid employees for the month. Gross salaries totalled $20,000 and payroll deductions included CPP of $805, EI of $259, and employee income tax of $5,840. Employee benefits included CPP of $805 and El of $363. Remitted $5.900 HST pertaining to sales tax collected in February 27 30 31 (a) Record the above transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Mar 2 Accounts Payable Notes Payable Mar. 3 Cash Deferred Revenue Sales Tax Payable (To record sales) Mar. 3 Cost of Goods Sold Inventory To record cost of goods sold) Mar. Property tax Expense Property Tax Payable Mar. 12 Cash Service Revenue Sales Tax Payable Mar. 16 CPP Payable El Payable Employee Income Tax Payable Cash Mar 27 Accounts Payable Cash Mar. 30 Salaries Expense CPP Payable El Payable Employee Income Tax Payable Cash (To record payroll and employee deductions) Employee Benefits Expense Mar 31 CPP Payable El Payable (To record employee benefits) Interest Expense Mar 31 Interest Payable