On January 1, 2024, Concord Inc.'s general ledger contained these opening balances for its liability accounts: Accounts payable $53,000 Sales tax payable $19,000 CPP payable 3,454 Employee income tax payable 7,600 El payable 1,718 The following selected transactions occurred during the month. Jan. 5 Sold inventory for cash totalling $20,000, plus 5% GST and 7% PST. The cost of goods sold was $14,000. Concord uses a perpetual inventory system. 14 15 19 22 29 Paid $12,772 to the government for amounts owing from the December payroll for the employee payroll deductions of $10,043 (CPP $1,727, EI $716, and employee income tax $7,600) and employee benefits of $2,729 (CPP $1,727 and El $1,002). Borrowed $19,000 from Evergreen Finance Ltd. by issuing a note payable due in three months; 6% interest is payable at maturity. Provided services for customers who paid $11,800 plus the applicable GST and PST. Paid $33,000 to trade creditors on account. Recorded pay owing to employees for the month. Gross salaries totalled $40,000 and payroll deductions included CPP of $2,064, El of $732, and employee income tax of $5,590. Employee benefits included CPP of $2,064 and El of $1,025. (a) Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 5 Cash Sales Sales Tax Payable (To record Sales and Sale Tax Payable) (To record Cost of Goods Sold) Debit Credit (To record payroll and employee deductions) (To record Employee Benefits Expense) (To record remittance of Sales Tax Payable) (To record remittance of Sales Tax Payable)