On February 28, 2018, Molega Ltd s general ledger contained the following liability accounts Accounts payable $40,300 CPP payable 2,690 EI payable 1,212 Sales tax payable 6,300 Employee income tax payable 5,669 Unearned revenue 16,000 The following selected transactions occurred during the month Ma...

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On February 28, 2018, Molega Ltd.s general ledger contained the following liability accounts: Accounts payable $40,300 CPP

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On February 28, 2018, Molega Ltd.’s general ledger contained the following liability accounts:

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 $10,400. Interest is due at maturity.
	5	Sold inventory for cash totalling $40,400, plus 13% HST. The cost of goods sold was $22,900. Molega uses a perpetual inventory system.
	9	Received the property tax bill of $17,200 for the calendar year. It is payable on May 1.
	12	Provided services for customers who had made advance payments of $10,170 including 13% HST, which is not payable until the related sale occurs.
	13	Paid $6,300 HST to the Receiver General for sales tax collected in February.
	16	Paid $9,571 to the Receiver General for amounts owing from the February payroll for employee payroll deductions of $7,519 (CPP $1,345, EI $505, and employee income tax $5,669) and for employee benefits of $2,052 (CPP $1,345, and EI $707).
	27	Paid $26,900 to trade creditors on account.
	31	Paid employees for the month. Gross salaries totalled $14,400 and payroll deductions included CPP of $840, EI of $271, and employee income tax of $6,280. Employee benefits included CPP of $840 and EI of $379.