P10.5A (LO 1, 2, 3, 4) AP On January 1, 2021, Shumway Software Companys general ledger contained these liability accounts: Accounts payable $40,000 Unearned revenueloyalty program 3,700 CPP payable 1,320 EI payable 680 HST payable 8,630 Income tax payable 3,340 Unearned revenue 15,300 Vacation pay payable 8,660 In January, the following selected transactions occurred: Jan. 2 Issued a $46,000, four-month, 7% note. Interest is payable at maturity. 5 Sold merchandise for $8,600 cash, plus 13% HST. The cost of this sale was $4,100. Shumway Software uses a perpetual inventory system. 12 Provided services for customers who had paid $8,000 cash in advance. The payment included HST of $920. 14 Paid the Receiver General (federal government) for sales taxes invoiced in December 2020. 15 Paid the Receiver General for amounts owing from the December payroll for CPP, EI, and income tax. 17 Paid $14,800 to creditors on account. 20 Sold 1,900 units of a new product on account for $55 per unit, plus 13% HST. This new product has a one-year warranty. It is estimated that 9% of the units sold will be returned for repair at an average cost of $10 per unit. The cost of this sale was $25 per unit. 29 During the month, provided $2,300 of services for customers who redeemed their customer loyalty rewards. Assume that HST of $265 is included in the $2,300. 31 Issued 30,000 loyalty 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 $250,000. 31 Recorded and paid the monthly payroll. Gross salaries were $18,750. Amounts withheld included CPP of $764, EI of $343, and income tax of $3,481