P10-1B On January 1, 2018, Burlington Inc.s general ledger contained these opening balances for its liability accounts:

Accounts payable	$52,000
CPP payable	3,810
EI payable	1,598
Sales tax payable	18,000
Employee income tax payable	7,700
Unearned revenue	16,000

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. Burlington uses a perpetual inventory system.
13	Paid $18,000 ($7,500 GST to the Receiver General and $10,500 PST to the provincial Minister of Finance) for sales taxes collected in December.
14	Paid $13,108 to the Receiver General for amounts owing from the December payroll for the employee payroll deductions of $10,271 (CPP $1,905, EI $666, and employee income tax $7,700) and employee benefits of $2,837 (CPP $1,905 and EI $932).
15	Borrowed $18,000 from HSBC Bank for three months; 6% interest is payable monthly on the 15th of each month.
19	Provided services for customers who had made advance payments of $11,200. This amount includes applicable GST and PST, which is not payable until the related revenue is earned.
22	Paid $32,000 to trade creditors on account.
28	Received assessment of property taxes of $4,200 for the calendar year. They are payable on March 1.
29	Paid employees for the month. Gross salaries totalled $40,000 and payroll deductions included CPP of $1,980, EI of $752, and employee income tax of $9,474. Employee benefits included CPP of $1,980 and EI of $1,053.

Instructions

(a) Record the above transactions.

(b) Record any required adjusting entries at January 31.

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