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5.00 points PA10.3 Recording and Reporting Current Liabilities [LO 10-21 Lakeview Company completed the following two transactions. The annual accounting period ends December 31 31,

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5.00 points PA10.3 Recording and Reporting Current Liabilities [LO 10-21 Lakeview Company completed the following two transactions. The annual accounting period ends December 31 31, calculated the payroll, which indicates gross earnings for a. On December wages ($96,000), payroll deductions for income tax ($9,600), payroll deductions for FICA ($7,200) payroll deductions for American Cancer Society ($3,600), employer contributions for FICA (matching), and state and federal unemployment taxes ($720). Employees were paid in cash, but payments for the corresponding payroll deductions have not yet been made and employer taxes have not yet been recorded. Collected rent revenue of $6,300 on December 10 for office space that Lakeview rented to another business. The rent collected was for 30 days from December 11 to January 10 and was credited in full to U neanned Rent Required 18 Complete the required journal entries for the above transactions as below. ()Prepare the entries required on December 31 to record payroll (i) Prepare the journal entry for the collection of rent on December 10. (i) Prepare the adjusting jourmal entry on December (Do not round intermediate calculations. If no entry is required for a transaction event, select "No Journal Entry Required n the first account field.) view transaction list view general journal Journal Entry worksheet 0234 Record the wages expense, including payro deductions. Date GeneralJournal Deb Enter debits before credits

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