On January 1, 2024, Sheridan Software Company's general ledger contained these liability accounts: Accounts payable Unearned revenue-loyalty program CPP payable El payable HST payable Income tax payable Unearned revenue Vacation pay payable Jan. 2 5 $47,000 12 5,100 1,390 820 8,980 4,040 In January, the following selected transactions occurred: 18,800 9,010 Issued a $53,000, four-month, 6% note. Interest is payable at maturity. Sold merchandise for $10,000 cash, plus 13% HST. The cost of this sale was $5,150. Sheridan Software uses a perpetual inventory system. Provided services for customers who had paid $11,500 cash in advance. The payment included HST of $1,323.

On January 1,2024, Sheridan Software Company's general ledger contained these liability accounts: In January, the following selected transactions occurred: Jan.2 Issued a $53,000, four-month, 6% note. Interest is payable at maturity. 5 Sold merchandise for $10,000 cash, plus 13% HST. The cost of this sale was $5,150. Sheridan Software uses a perpetual inventory system. 12 Provided services for customers who had paid $11,500 cash in advance. The payment included HST of $1,323. 15 Paid the Receiver General for amounts owing from the December psyroll for CPP, El, and income tax: 17 Paid $15,500 to creditors on account. 20 Sold 2,950 units of a new product on account for $62 per unit. plus 13% H5T. This new product has a one-year warranty. It is estimated that 9% of the units sold will be returned for repsir at an awerage cost of $10 per unit. The cost of this sale was $32 per unit. 29 During the month, provided $2,650 of services for customers who redeemed their customer loyalty rewards. Assume that HST of $305 is included in the $2,650. 31 issued 33,500 loyality rewards points worth $1 each. Based on past experience, 20% of these points are expected to be redeemed. Cash sales related to the issuance of the loyalty points were $257,000 31 Recorded and poid the monthly payroll Gross salaries were $22.250 Amounts withheld included CPP of $1.213, El of $352, and income tax of $3.551