Problem 10-1A

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

Accounts payable		$41,400
CPP payable		2,770
EI payable		1,188
Sales tax payable		5,300
Employee income tax payable		5,004
Unearned revenue		16,400

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 $9,600. Interest is due at maturity.
	5		Sold inventory for cash totalling $37,100, plus 13% HST. The cost of goods sold was $24,400. Molega uses a perpetual inventory system.
	9		Received the property tax bill of $18,700 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 $5,300 HST to the Receiver General for sales tax collected in February.
	16		Paid $8,962 to the Receiver General for amounts owing from the February payroll for employee payroll deductions of $6,884 (CPP $1,385, EI $495, and employee income tax $5,004) and for employee benefits of $2,078 (CPP $1,385, and EI $693).
	27		Paid $28,000 to trade creditors on account.
	31		Paid employees for the month. Gross salaries totalled $17,300 and payroll deductions included CPP of $820, EI of $325, and employee income tax of $5,510. Employee benefits included CPP of $820 and EI of $455.

Record any required adjusting entries at March 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 31

SHOW LIST OF ACCOUNTS

Prepare the current liabilities section of the statement of financial position at March 31. (Round answers to 0 decimal places, e.g. 5,275.)

MOLEGA LTD. Statement of Financial Position (partial) March 31, 2018
Current liabilities
		$
Total current liabilities		$

Record the above transactions. (Record journal entries in the order presented in the problem. Credit account tit Account Titles and Explanation Debit Credit Date + (To record sales) (To record cost of goods sold) + Mar. 16 + (To record payroll and employee deductions) + (To record employee benefits)