Question 3 On February 28, 2018, Molega Ltd's general ledger contained the following liability accounts: Accounts payable $39,700 CPP payable 2.860 El payable 1,037 Sales tax payable 5.900 Employee income tax payable 4,969 Unearned revenue 16,000 The following selected transactions occurred during the month: Mar. 2 Issued a three month, 6% note payable in exchange for an account payable in the amount of 9.200 Intesis de maturity 5 Sold inventory for cash totaling $38,500, plus 13% ST. The cost of goods sold was $25.000. Molegas a perpetual inventory system 9 Received the property tax bill of $18,000 for the calendar year. It is payable on May 1 12 Provided services for customers who had made advance payments of $11,300 including 1 , which is not payable until the related sale occurs 13 Paid $5,900 HST to the Receiver General for sales tax collected in February 16 Paid $8,866 to the Receiver General for amounts owing from the February payroll for employee payroll deductions of $6,831 (CPP $1,430, ET $432, and employee income tax 54,969) and for employee benefits of $2,035 (CPP $1,430, and El $605). 27 Paid $28,200 to trade creditors on account. 31 Paid employees for the month. Gross salaries totalled $15,700 and payroll deductions included CPP of $800, of $295, and employee income tax of $6,160. Employee benefits included CPP of $803 and El of $413 Record the above transactions. (Record journal entries in the order presented in the problem. Credit accounts manually. Nound answers to decimal places, 9.5.225.) are automatically indented when th e Date Account Titles and Explanation mot (To record sales) (To record cost of goods sold) Mar. 16 (To record payroll and employee deductions) (To record employee benefits) Date Account Toties and Explanation Code Mar 31 Prepare the current liabilities section of the statement of financial position at March 31. (Round answers to O decimal places... 5.275.) MOLEGA LTD. Statement of Financial Position (partial) March 31, 2018 Current liabilities Total current liabilities