On February 28, 2021, Swifty Ltd's general ledger contained the following liability accounts: Accounts payable $46,000 CPP payable 3,380 El payable 1,128 Sales tax payable 5,900 Employee income tax payable 5,500 The following selected transactions occurred during the month: Mar. 2 3 4 112 12 16 16 27 28 Issued a three-month, 6% note payable in exchange for an account payable in the amount of $14,000. Interest is due at maturity. Sold inventory for cash totalling $50,000, plus 13% HST. The cost of goods sold was $24,000. Swifty 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 accrual has 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. 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. 30 Paid employees for the month. Gross salaries totalled $20,000 and payroll deductions included CPP of $805, El of $259, and employee income tax of $5,840. Employee benefits included CPP of $805 and El of $363. 31 Remitted $5.900 HST pertaining to sales tax collected in February.