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1.56 / 3.5 The following selected transactions occurred during the month: Mar. 2. 3 4 12 Issued a three-month, 6% note payable in exchange for an account payable in the amount of $12,000. Interest is due at maturity. Sold inventory for cash totalling $40,000, plus 13% HST. The cost of goods sold was $26,000. Bonita uses a perpetual inventory system. Received the property tax bill of $16,000 for the calendar year. It is payable on May 31. (Hint: No accrual has been recorded during the year.) Provided services for customers worth $10,000 plus HST of 13%. The company received payment in full for services and HST. Remitted $9,877 to the government for amounts owing from the February payroll for employee payroll deductions of $7.615 (CPP $ 1.590, El $480, and employee income tax $5.545) and for employee benefits of $2.262 (CPP $1.590 and El $672). Paid $30.000 to trade creditors on account. Paid employees for the month. Gross salaries totalled $17.000 and payroll deductions included CPP of $801, EI of $259, and employee income tax of $5.810. Employee benefits included CPP of $801 and El of $363. Remitted $6.300 HST pertaining to sales tax collected in February 16 27 30 31 o Type here to search e 5) ENG 09:49 AM 21-03-2021